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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

The income tax provision consists of the following:

 Schedule of Income Before Income Taxes

		2022				2021
Current:
Hong Kong		$	810,236			$	646,845
Malaysia			4,232				9,476
Total		$	814,468			$	656,321
Deferred			-				-
Total		$	814,468			$	656,321

Schedule of Components of Income Tax Expense

The following is a reconciliation of the Company’s total income tax expense to the income before income taxes for the years ended December 31, 2022 and 2021, respectively.

Schedule of Components of Income Tax Expense

		2022				2021
Income before provision for income taxes		$	4,499,468			$	4,225,289
Tax at the domestic income tax rate of 16.5%			742,412				697,173
Tax effect of Hong Kong graduated rates			(21,290	)			(21,290	)
Foreign tax rate differentials			1,322				1,297
Non-deductible expenses for tax purpose			37,595				7,333
Non-taxable income			-				(48,157	)
Prior year accrual			54,429				19,965
Income tax expense		$	814,468			$	656,321

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- References

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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 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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