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PROVISION FOR POST-EMPLOYMENT BENEFITS (Tables) | 12 Months Ended
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Dec. 31, 2020
Postemployment Benefits [Abstract] |
SCHEDULE OF PROVISION FOR POST-EMPLOYMENT BENEFITS | Provision for post-employment benefits consists of the following: SCHEDULE OF PROVISION FOR POST-EMPLOYMENT BENEFITS
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
Provision for post-employment benefits |  | $ | 68,701 |  |  | $ | - |
SCHEDULE OF RECONCILIATION ON PRESENT VALUE OF DEFINED BENEFIT OBLIGATION AND PLAN ASSETS | The following outlines how each category of employee benefits are measured, providing reconciliation on present value of Defined Benefit Obligation and Plan Asset. SCHEDULE OF RECONCILIATION ON PRESENT VALUE OF DEFINED BENEFIT OBLIGATION AND PLAN ASSETS
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
Present Value of Defined Benefit Obligation (DBO) and Fair Value of Plan Assets |  |  |  |  |  |
Present Value of DBO, at the Beginning of Year |  | $ | - |  |  | $ | 264,253 |
Current service cost |  |  | 68,701 |  |  |  | 75,695 |
Interest cost on the DBO |  |  | - |  |  |  | 16,188 |
Employee benefits are already noted for quit employees |  |  | - |  |  |  | - |
Exchange rate impact |  |  | - |  |  |  | 12,805 |
Present Value of DBO, (expected) at the End of Year |  |  | 68,701 |  |  |  | 368,941 |
Actuarial gain on DBO |  |  |  |  |  |  | (4,179 | )
Present Value of DBO, (actual) at the End of Year |  | $ | 68,701 |  |  | $ | 364,762 |
Fair Value of Plan Assets at the Beginning of Year |  | $ | - |  |  | $ | 236,621 |
Interest income on Plan Assets |  |  | - |  |  |  | 14,496 |
Company contribution to Plan Assets |  |  | - |  |  |  | 105,052 |
Exchange rate impact |  |  | - |  |  |  | 12,223 |
Fair Value of Plan Assets, (expected) at the End of Year |  |  | - |  |  |  | 368,392 |
Actuarial gain or loss on Plan Assets |  |  | - |  |  |  | 6,528 |
Fair Value of Plan Assets, (actual) at the End of Year |  | $ | - |  |  | $ | 374,920 |
The effect of asset ceiling |  |  | - |  |  |  | (10,158 | )
Provision for post-employment benefits |  | $ | 68,701 |  |  | $ | - |
SCHEDULE OF KEY INFORMATION FOR THE RECALCULATION OF EMPLOYEE BENEFITS OBLIGATIONS | The following are key information for the recalculation of employee benefits obligations as of December 31, 2020 and 2019: SCHEDULE OF KEY INFORMATION FOR THE RECALCULATION OF EMPLOYEE BENEFITS OBLIGATIONS
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
Liabilities at the Beginning of Year |  | $ | - |  |  | $ | 27,632 |
Post-employment benefits costs |  |  | 68,701 |  |  |  | 77,388 |
Actuarial gain on liabilities |  |  | - |  |  |  | (549 | )
Company contribution |  |  | - |  |  |  | (105,052 | )
Employee benefits paid |  |  | - |  |  |  | - |
Exchange rate impact |  |  | - |  |  |  | 581 |
Liabilities at the End of Year |  | $ | 68,701 |  |  | $ | - |

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