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Income Taxes (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Relevant Tax Laws and Regulations

In accordance with the relevant tax laws and regulations of Singapore, a company registered in Singapore is subject to income taxes at a flat rate of 17%.

Schedule of Relevant Tax Laws and Regulations 

		For the six months ended June 30,
		2023 SGD				2024 SGD				2024 USD
(Loss) income before provision for income taxes is attributable to the following geographic locations:
Singapore			(499,557	)			103,697				76,736
Foreign			-				-				-
Total (loss) income before income taxes			(499,557	)			103,697				76,736

In accordance with the relevant tax laws and regulations of Singapore, a company registered in Singapore is subject to income taxes at a flat rate of 17%.

Schedule of Relevant Tax Laws and Regulations 

		For the years ended December 31,
		2022 SGD				2023 SGD				2023 USD
Income before provision for income taxes is attributable to the following geographic locations:
Singapore			210,917				(33,313	)			(24,651	)
Foreign			-				-				-
Total income before income taxes			210,917				(33,313	)			(24,651	)

Schedule of Reconciles Singapore Statutory Rates

The following table reconciles Singapore statutory rates to the Company’s effective tax:

Schedule of Reconciles Singapore Statutory Rates 

		For the six months ended
		June 30, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
(Loss) income before income taxes			(499,557	)			103,697				76,736
Singapore statutory income tax rate			17	%			17	%			17	%
Non-deductible depreciation			0	%			13	%			13	%
Non-deductible professional fees			-0	%			59	%			59	%
Other non-deductible expenses			-24	%			2	%			2	%
Tax rebate and exemption			0	%			-9	%			-9	%
Effective tax rate			-7	%			82	%			82	%

The following table reconciles Singapore statutory rates to the Company’s effective tax:

Schedule of Reconciles Singapore Statutory Rates 

		For the years ended December 31,
		2022 SGD				2023 SGD				2023 USD
Profit before income taxes			210,917				(33,313	)			(24,651	)
Singapore statutory income tax rate			17	%			17	%			17	%
Non-deductible depreciation			9	%			-70	%			-70	%
Non-deductible professional fees			62	%			-467	%			-467	%
Other non-deductible expenses			5	%			-39	%			-39	%
Tax rebate and exemption			-26	%			673	%			673	%
Effective tax rate			67	%			114	%			114	%

Schedule of Deferred tax Assets

Deferred tax assets as below,

Schedule of Deferred tax Assets 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
Deferred tax assets:
Bad debt provision			270,556				278,514				206,100
Lease liabilities			4,726				183,711				135,946
Total deferred tax assets			275,282				462,225				342,046
Deferred tax liabilities:
Right-of-use assets			(7,069	)			(177,838	)			(131,600	)
Total deferred tax liabilities			(7,069	)			(177,838	)			(131,600	)
Net deferred tax assets			268,213				284,387				210,446

Deferred tax assets as of December 31,

Schedule of Deferred tax Assets 

		2022 SGD				2023 SGD				2023 USD
Bad debt provision			276,791				270,556				200,212
Lease liabilities			7,562				4,726				3,497
Total deferred tax assets			284,353				275,282				203,709
Deferred tax liabilities:
Right-of-use assets			(11,575	)			(7,069	)			(5,231	)
Total deferred tax liabilities			(11,575	)			(7,069	)			(5,231	)
Net deferred tax asset:			272,778				268,213				198,478

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