The current and deferred income tax expense (benefit) consists of the following:

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. There was no significant temporary difference as of December 31, 2017 and 2016, therefore no deferred tax assets or liabilities have been recognized.

The valuation allowance at December 31, 2017 and 2016 were approximately $80,052 and $65,551. The net change in valuation allowance during the years ended December 31, 2017 and 2016 was $14,501 and $62,527. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized.

The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company annually conducts an analysis of its tax positions and has concluded that it has no uncertain tax positions as of December 31, 2017 and 2016. The Company’s policy is to record uncertain tax positions as a component of income tax expense. The Company annually conducts an analysis of its tax positions and has concluded that it has no uncertain tax positions as of December 31, 2017 and 2016. The Company’s policy is to record uncertain tax positions as a component of income tax expense. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of December 31, 2017 and 2016. All tax years since inception remains open for examination by taxing authorities.

The actual tax benefit at the expected rate of 34% differs from the expected tax benefit for the year ended December 31, 2017 and 2016 respectively, as follows:

The Company has not filed its tax returns since its inception and the management will file the previous outstanding tax returns after the filing of the Form 10-K as of December 31, 2017.