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INCOME TAXES (Tables) | 3 Months Ended
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Mar. 31, 2022
Income Tax Disclosure [Abstract] |
Income tax components |
Income tax components |  |  |  |  |  |  |  |
|  | Three months ended March 31, |
|  | 2022 |  |  | 2021 |
|  |  | $ |  |  |  | $ |
Current |  |  | 9 |  |  |  | 59,845 |
Deferred |  |  | – |  |  |  | 2,315 |
Total income tax expense |  |  | 9 |  |  |  | 62,160 |
Reconciliation of income tax expense |
Reconciliation of income tax expense |  |  |  |  |  |  |
|  | Three months ended March 31,
|  | 2022 |  |  |  | 2021
Taiwan (2021-PRC) income tax statutory rate |  |  | 20.00% |  |  |  | 25.00%
Impact of different tax rates in other jurisdictions |  |  | 1.20% |  |  |  | (5.93%)
Tax effect of non-deductible expenses |  |  | (15.85% | ) |  |  | 0.00%
Utilization of tax losses |  |  | – |  |  |  | (2.07%)
Others |  |  | 1.00% |  |  |  | -
Changes in valuation allowance |  |  | (5.35% | ) |  |  | 36.6%
Effective tax rate |  |  | 1.00% |  |  |  | 53.60%
Schedule of deferred income taxes |
Schedule of deferred income taxes |  |  |  |  |  |  |  |
|  | March 31, 2022 |  |  | December 31, 2021 |
|  |  | $ |  |  |  | $ |
Deferred tax assets |  |  |  |  |  |  |  |
Tax loss carried forward |  |  | – |  |  |  | – |
Allowance for doubtful receivables |  |  | – |  |  |  | – |
Total deferred tax assets |  |  | – |  |  |  | – |
Valuation allowance |  |  | – |  |  |  | – |
Total deferred tax assets, net |  |  | – |  |  |  | – |
|  | March 31, 2022 |  |  | December 31, 2021 |
|  |  | $ |  |  |  | $ |
Deferred tax liabilities |  |  |  |  |  |  |  |
Property and equipment, difference in depreciation |  |  | – |  |  |  | – |
Deferred tax liabilities, net |  |  | – |  |  |  | – |
Movement in valuation allowance |
Movement in valuation allowance |  |  |  |  |  |  |  |
|  | March 31, 2022 |  |  | December 31, 2021 |
|  |  | $ |  |  |  | $ |
Balance at beginning of the year |  |  | 95,844 |  |  |  | – |
Additions of valuation allowance |  |  | 43,102 |  |  |  | 95,844 |
Reductions of valuation allowance |  |  | – |  |  |  | – |
Balance at the end of the year |  |  | 138,946 |  |  |  | 95,844 |

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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 + Details
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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 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + 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 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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