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Note 2 - Summary of Significant Accounting Policies: Value Added Tax (Policies)
9 Months Ended
Jun. 30, 2014
Policies  
Value Added Tax

Value Added Tax

 

Value added tax is imposed on goods sold in or imported in the PRC. Value added tax payable in the People’s Republic of China is charged on an aggregated basis at a rate of 13% or 17% (depending on the type of goods involved) on the full price collected for the goods sold or, in the case of taxable services provided, at a rate of 17% on the charges for the taxable services provided, but excluding, in respect of both goods and services, any amount paid in respect of value added tax included in the price or charges, and less any deductible value added tax already paid by the taxpayer on purchases of goods and services in the same financial year. The value added tax refundable for the Company as of June 30, 2014 and September 30, 2013 was $145,612 and $123,157, respectively.