Provision For Income Taxes (Tables)

3 Months Ended

Aug. 31, 2012

	Three months ended August 31, 2012		Three months ended August 31, 2011






Current – PRC income tax provision		17,846		52,126
Deferred income tax (income)/ provision	$	(3,598)	$	(3,281)



Total	$	14,248	$	48,845

Reconciliation of Expected Tax Table

	Three months ended August 31, 2012		Three months ended August 31, 2011







Income before provision for income taxes		(73,432)		16,235

Expected PRC income tax expense at statutory tax rate of 25%	$	(18,358)	$	4,059
Different tax rate for PRC/Hong Kong local authority		1,708		(11,995)
Expenses not deductible for tax		1,653		12,931
Utilization of tax loss brought forward		~		(15,388)
Tax loss not provided for deferred tax		29,245		59,238



Total	$	14,248	$	48,845

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details