Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 17

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 17
---
, 2024 

    Current: 

    -
    Local 
    $-  
    $- 
  
    -Foreign 
     -  
     - 
  
    Income
    tax expense 
    $-  
    $- 

The
effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range
of income tax rates. The Company has subsidiaries that operate in various countries: United States and Malaysia including Labuan that
are subject to taxes in the jurisdictions in which they operate, as follows:

United
States of America

The
Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of March 31, 2025, the
operations in the United States of America incurred $602,595 of cumulative net operating losses which can be carried forward to offset
future taxable income. The net operating loss carry forwards begin to expire in 2041, if unutilized.

Labuan

Under
the current laws of the Labuan, Jocom Holdings Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such
company is based on 3% of net audited profit.

Malaysia
(Other than Labuan)

Under
the current laws of Malaysia, JHC Digital Sdn. Bhd. is governed under the Income Tax Act, 1967. The tax charge for such company is based
on 24% of net audited profit.

    F-14

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

10.
RELATED PARTY TRANSACTIONS

 SCHEDULE OF RELATED PARTY TRANSACTIONS 

    For
                                            the three months ended March
                                            31, 2025 (Unaudited)  
    For
                                            the twelve months ended December
                                            31, 2024 (Audited) 
  
    Jocom
    MShopping Sdn. Bhd.1 

    -
    Revenue 
    $-  
    $6,000 

    Khoo
    Ghi Geok 2 

    -