v3.26.1
INCOME TAX EXPENSE (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes consisted of the following:

 

           2024   2025 
   Year ended December 31, 
   2023     2024   2025 
   S$’000      S$’000    S$’000 
                   
Income tax expense                
Current year    681  -    994 
(Over)/under-provision in prior years    (360 )    300    (13)
Deferred tax expense    725      431    596 
Income tax expense    1,046      731    1,577 
SCHEDULE OF EFFECTIVE INCOME TAX RATE

The reconciliation of income tax rate to the effective income tax rate based on income before income taxes for the year ended December 31, 2023, 2024 and 2025 are as follows:

 

 SCHEDULE OF EFFECTIVE INCOME TAX RATE 

           2024   2025 
   Year ended December 31, 
   2023     2024   2025 
   S$’000      S$’000    S$’000 
                   
Income before income taxes    8,126      2,615    7,163 
Statutory income tax rate    17 %    17%   17%
Income tax expense at statutory rate    1,381      445    1,218 
(Over)/ Under provision in previous financial year    (360 )    300    (13)
Tax effect of non-taxable income    (228 )    (133)   - 
Tax effect of non-deductible items    156      41    489 
Tax effect on temporary differences    211      78    (22)
Statutory stepped income tax exemption   

(114

)    -    (95)
                   
Income tax expense    1,046      731    1,577