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INCOME TAX EXPENSES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT

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

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

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

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- References

No definition available.

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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 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

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