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Provision For Income Taxes (Tables)
12 Months Ended
May 31, 2013
Tables/Schedules  
Schedule of Deferred Tax Assets and Liabilities

 

 

 

 

 

2013

2012

 

 

 

Current – PRC income tax provision

$299,132

$342,507

Deferred income tax income

(14,452)

(12,569)

Total

$284,680

$329,938

 

 

 

Note 13 - Provision For Income Taxes

 

 

2013

2012

 

Amount

%

Amount

%

 

 

 

 

 

Income before provision for income taxes

$334,085

 

$587,924

 

 

 

 

 

 

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

83,521

25.0

146,981

25.0

Different tax rate for PRC/Hong Kong local authority

18,219

5.4

(27,729)

(4.7)

Expenses not deductible for tax

71,690

21.5

60,008

10.2

Tax losses not provided for deferred tax

111,250

33.3

150,678

25.6

 

 

 

 

 

Actual tax expense

$284,680

85.2

$329,938

56.1