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10. Taxation (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income tax components

		For the years ended December 31,
		2018				2017
		$				$
Current			644,375				–
Deferred			15,148				–
Total income tax provision			659,523				–

Reconciliation of income tax expense

		For the years ended December 31,
		2018				2017
PRC income tax statutory rate			25.00%				25.00%
Impact of different tax rates in other jurisdictions			0.27%				(6.99%	)
Tax effect of non-deductible entertainment			0.05%				–
Changes in valuation allowance			0.55%				(18.01%	)
Effective tax rate			25.87%				–

Schedule of deferred income taxes

		December 31, 2018				December 31, 2017
		$				$
Deferred tax assets
Tax loss carried forward			743				716
Allowance for doubtful receivables			6,824				–
			7,567				716
Valuation allowance			(7,567	)			(716	)
Total deferred tax assets, net			–				–
Deferred tax liabilities
Property and equipment, difference in depreciation			(14,676	)			–
Deferred tax liabilities, net			(14,676	)			–

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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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.

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-SubTopic 10
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