Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 310

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 4
Chunk 310
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As of December 31, 2024, and 2023, other payables of $26,464 and $70,823 were related party balances. The amount
is unsecured, interest-free and repayable on demand.

10. AMOUNT DUE TO DIRECTORS

Amount due to directors consisted of the following
as of December 31,2024, and December 31, 2023.

 SCHEDULE OF AMOUNT DUE TO DIRECTORS 

    As of December 31, 2024 (Audited)  
    As of December 31, 2023 (Audited) 
  
    Amount due to directors 
    $6,019  
    $3,457 
  
    Total amount due to directors 
    $6,019  
    $3,457 

As of December 31, 2024 and 2023,
the amount of $6,019
and $3,457 were
mainly on behalf payment by directors. The amount is unsecured, interest-free and repayable on demand.

11. INCOME TAXES

For the year ended December 31, 2024, the local (United
States) and foreign components of loss before income taxes were comprised of the following:

 SCHEDULE OF FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES 

    For the year  ended  December 31, 2024  
    For the year ended December 31, 2023 
  
    Tax jurisdictions from: 

    Local 
    $(30,441) 
     (90,563)
  
    Foreign, representing 

    - Labuan 
    $101,427  
     (66,328)
  
    - Malaysia (other than Labuan) 
    $(2,467) 
    $- 
  
    Profit/(Loss) before income tax 
    $68,519  
     (156,891)

The provision for income taxes consisted of the following:

 SCHEDULE OF PROVISION INCOME TAXES 

     For the year ended December 31, 2024  
     For the year ended December 31, 2023 

    Current: 

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

The effective tax rate in the years