XML 41 R23.htm IDEA: XBRL DOCUMENT
v3.23.1

INCOME TAX EXPENSES | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
INCOME TAX EXPENSES | 17. INCOME TAX EXPENSES Caymans and BVIs The Company and its subsidiary, JE Cleantech International Ltd. are domiciled in the Cayman Islands and the British Virgin Islands, respectively. Both localities currently enjoy permanent income tax holidays; accordingly, the Company and JE Cleantech International Ltd. do not accrue for income taxes. Singapore The Company’s subsidiary, JCS-Echigo Pte. Ltd. and Hygieia Warewashing Pte. Ltd are considered Singapore tax resident enterprises under Singapore tax laws; accordingly, they are subject to enterprise income tax on their taxable income as determined under Singapore tax laws and accounting standards at a statutory tax rate of 17% (2021: 17%). The income tax provision consists of the following components: SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | For the years ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | SGD’000 |  |  | SGD’000 |  |  | SGD’000 |
Income tax: |  |  |  |  |  |  |  |  |  |  |  |
Current year |  |  | 500 |  |  |  | - |  |  |  | 289 |
Under provision of prior years |  |  | 34 |  |  |  | 37 |  |  |  | - |
Current Income Tax Expense Benefit |  |  | 534 |  |  |  | 37 |  |  |  | 289 |
Deferred tax: |  |  |  |  |  |  |  |  |  |  |  |
Current year |  |  | 84 |  |  |  | (37 | ) |  |  | (61 | )
Under provision of prior years |  |  | - |  |  |  | - |  |  |  | 7 |
Deferred Income Tax Expense Benefit |  |  | 84 |  |  |  | (37 | ) |  |  | (54 | )
Income Tax Expense (Benefit) |  |  | 618 |  |  |  | - |  |  |  | 235 |
The income tax expense varied from the amount of income tax expense determined by applying the Singapore income tax rate of 17% (2021: 17%) to profit before income tax as a result of the following differences: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | For the years ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | SGD’000 |  |  | SGD’000 |  |  | SGD’000 |
Income before tax expenses: |  |  | 2,345 |  |  |  | 2 |  |  |  | 1,427 |
Tax at the domestic income tax rate |  |  | 399 |  |  |  | 1 |  |  |  | 243 |
Tax effect of expenses that are not deductible in determining taxable profit |  |  | 391 |  |  |  | 6 |  |  |  | 27 |
Under provision in prior years |  |  | 34 |  |  |  | 37 |  |  |  | 7 |
Tax effect of non-taxable incomes |  |  | (98 | ) |  |  | (44 | ) |  |  | (42 | )
Tax incentives |  |  | (110 | ) |  |  | - |  |  |  | - |
Others |  |  | 2 |  |  |  | - |  |  |  | - |
Income Tax Expense (Benefit) |  |  | 618 |  |  |  | - |  |  |  | 235 |
As of December 31, 2022 and 2021, the one of the Company’s subsidiaries in Singapore, namely Hygieia Warewashing Pte Ltd had net operating loss carryforwards of approximately SGD147,000 and SGD751,000, respectively. As of December 31, 2022 and 2021, deferred tax assets from the net operating loss carryforwards amounted to SGD25,000 and SGD163,000, respectively, and the Company has provided a valuation allowance as it has concluded that it is more likely than not that these net operating losses would not be utilized in the future.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration