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INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF INCOME/(LOSS) BEFORE INCOME TAX

The United States and foreign components of income (loss) before income taxes were comprised of the following:

SCHEDULE OF COMPONENTS OF INCOME/(LOSS) BEFORE INCOME TAX 

		2022				2021
		For the three months ended March 31,
		2022				2021
Tax jurisdictions from:
Local – United States		$	(106,426	)		$	(107,925	)
Foreign – Malaysia			(165,063	)			(291,692	)
Foreign – Hong Kong			(18,669	)			72,087
Loss before income tax		$	(290,158	)		$	(327,530	)

SCHEDULE OF PROVISION FOR INCOME TAX

The provision for income taxes consisted of the following:

SCHEDULE OF PROVISION FOR INCOME TAX 

		2022				2021
		For the three months ended March 31,
		2022				2021
Current:
- Local		$	-			$	-
- Foreign			(8,288	)			(26,724	)
Deferred:
- Local			-				-
- Foreign			-				20,604
Provision for income taxes		$	(8,288	)		$	(6,120	)

SCHEDULE OF DEFERRED TAX ASSETS

The following table sets forth the significant components of the aggregate deferred tax assets of the Company:

SCHEDULE OF DEFERRED TAX ASSETS 

		March 31, 2022				December 31, 2021
		As of
		March 31, 2022				December 31, 2021
Deferred tax assets:
Net operating loss carry forwards in U.S.		$	175,439			$	153,061
Net operating loss carry forwards in Malaysia			240,865				227,106
Less: valuation allowance			(416,304	)			(380,167	)
Deferred tax liabilities:
Depreciation			(23,406	)			(15,574	)
Deferred tax liabilities, net		$	(23,406	)		$	(15,574	)

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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