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Note 13 - Provision For Income Taxes: Note 13 - Provision For Income Taxes (Tables)
9 Months Ended
Feb. 28, 2013
Tables/Schedules  
Note 13 - Provision For Income Taxes

 

Nine months ended February 28, 2013

Nine months ended February 29, 2012

Income before provision for income taxes

155,083

506,306

 

 

 

 

 

 

 

 

 

Expected PRC income tax expense at statutory tax rate of 25%

 

$

38,771

 

 

$

126,577

 

Different tax rate for PRC/Hong Kong local authority

 

 

(3,167)

 

 

 

(20,516 )

 

Expenses not deductible for tax

 

 

28,738

 

 

 

37,605

 

Utilization of tax loss brought forward

 

 

 

 

 

 

(4,335)

 

 Tax loss not provided for deferred tax

102,048

108,515

 

 

Actual tax expense

$

166,390

$

247,846