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Note 15 - Income taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables) | 12 Months Ended
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Dec. 31, 2024
Tables/Schedules |
Schedule of Effective Income Tax Rate Reconciliation | The following table reconciles Singapore statutory rates to the Company’s effective tax rate:
| For the Years Ended December 31,
| 2024 |  |  | 2023 |  |  | 2022 |
Singapore income tax rate |  | 17.0 | % |  |  | 17.0 | % |  |  | 17.0 | %
Difference from the effect of tax rates in a foreign jurisdiction (PRC) |  | 19.8 | % |  |  | (14.6) | % |  |  | 1.0 | %
Effect of preferential tax rates |  | (20.1) | % |  |  | 7.9 | % |  |  | 1.2 | %
Effect of changes in tax rates |  | (23.5) | % |  |  | - | % |  |  | - | %
Tax rebate in Singapore |  | 8.9 | % |  |  | (2.0) | % |  |  | (0.7) | %
Additional R&D deduction |  | 38.1 | % |  |  | (10.1) | % |  |  | (4.6) | %
Change in valuation allowance |  | (0.5) | % |  |  | 36.4 | % |  |  | 0.4 | %
Permanent differences (1) |  | (33.4) | % |  |  | 6.9 | % |  |  | 3.8 | %
Effect of true-up on NOL |  | (74.2) | % |  |  | - | % |  |  | - | %
Interest on uncertain tax position |  | (26.8) | % |  |  | - | % |  |  | - | %
Effective tax rate |  | (94.7) | % |  |  | 41.5 | % |  |  | 18.1 | %

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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