Taxes Payable

3 Months Ended

Aug. 31, 2011

Taxes Payable {1}

Taxes Payable

NOTE 13 – TAXES PAYABLE

Taxes payable at the balance sheet dates are summarized as follows:

	August 31, 2011		May 31, 2011
Business tax payable	$	104,400	$	120,449
Income tax payable		49,944		35
Others		4,637		-
Total	$	158,981	$	120,484

Business tax represents PRC sales tax imposed upon the Company’s services provided in the PRC.  Tax rates range from 3% to 5% depending on the nature of the taxable activities.

Income tax represents PRC income tax. The provision for PRC income tax is based on a statutory rate of 25% of the assessable income of the PRC subsidiaries as determined in accordance with the relevant income tax rules and regulations of the PRC.