Company: IVHI
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001683168-25-001303
Chunk: 482

Company: Invech Holdings, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 14
Chunk 482
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 to pay for general operating expenses. During the year ended December 31, 2024, SCC advance the Company an additional
$54,735, for a total due of $85,376. The advance is non-interest bearing and due on demand. On November 22, 2024, SCC converted the $85,376
due to them into 90,000,000 shares of common stock

During the year ended December 31, 2023, the Company
granted 1,000,000 shares of common stock to SCC for consulting services, for total non-cash expense of $1,000.

NOTE 6 – INCOME TAX

Deferred taxes are provided on a liability method
whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred
tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts
of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities
are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company is using the U.S. federal income tax
rate of 21%.

     F-8 

The provision for Federal income tax consists of the following December
31: 

    Schedule of provision for federal income tax 

    2024  
    2023 
  
    Federal income tax benefit attributable to: 

    Current Operations 
    $(12,700) 
    $(13,600)
  
    Change in valuation allowance 
     12,700  
     13,600 
  
    Net provision for Federal income taxes 
    $–  
    $– 

The cumulative tax effect at the expected
rate of 21% of significant items comprising our net deferred tax amount is as follows: 

    Schedule of net deferred tax assets 

    2024  
    2023 
  
    Deferred tax asset attributable to: 

    Net operating loss carryover 
    $(64,500) 
    $(51,800)
  
    Less: valuation allowance 
     64,500  
     51,800 
  
    Net deferred tax asset 
    $–  
    $– 

At December 31, 2024,