INCOME TAX (Tables)

3 Months Ended

Mar. 31, 2021

INCOME TAX

Schedule of provision for income tax

	Three months ended March 31,
	2021			2020
Current tax	$	6,157		$	-
Deferred tax		(319	)		-
Income tax expense	$	5,838		$	-

Schedule of income tax rate

	Three months ended March 31,
	2020			2020
Income before income taxes	$	72,696		$	13,510
Statutory income tax rate		16.5	%		16.5	%
Income tax expense at statutory rate		11,994			2,229
Tax effect of non-deductible items		319			318
Tax effect of tax holiday		(6,156	)		(2,547	)
Income tax expense	$	6,157		$	-

Schedule of Deferred Tax Liabilities

	As of
	March 31,			December 31,
	2021			2020
Deferred tax liabilities:
Accelerated depreciation	$	(4,351	)	$	(4,682	)