Taxes Payable

3 Months Ended

Nov. 30, 2011

Taxes Payable {1}

Taxes Payable

NOTE 12 – TAXES PAYABLE

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

	November 30, 2011		May 31, 2011
Business tax payable	$	138,882	$	120,449
Income tax payable		122,045		35
Others		5,716		-
Total	$	266,643	$	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.