NOTES TO FINANCIAL STATEMENTS
30 June 2015
Annual Report 2015
Karin Technology Holdings Limited
101
25. DEFERRED TAX
(continued)
Notes:
B
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UIFSF XBT OP TJHOJGJDBOU VOSFDPHOJTFE EFGFSSFE UBY MJBCJMJUZ GPS UBYFT UIBU XPVME CF QBZBCMF
on the unremitted earnings of the Company as the Company has no liability to additional tax should such amounts
be remitted to its shareholders in form of dividends.
(b)
Pursuant to the PRC Corporate Income Tax Law, a 10% withholding tax is levied on dividends declared to foreign
investors from the foreign investment enterprises established in Mainland China. The requirement is effective from 1
+BOVBSZ
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%FDFNCFS
" MPXFS XJUIIPMEJOH UBY SBUF NBZ CF BQQMJFE JG UIFSF
is a tax treaty between Mainland China and the jurisdiction of the foreign investors. For the Group, the applicable
rate is 5% or 10%. The Group is therefore liable for withholding taxes on dividends distributed by those subsidiaries
FTUBCMJTIFE JO .BJOMBOE $IJOB JO SFTQFDU PG FBSOJOHT HFOFSBUFE GSPN +BOVBSZ
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OP EFGFSSFE UBY IBT CFFO SFDPHOJTFE GPS XJUIIPMEJOH UBYFT UIBU XPVME CF QBZBCMF PO UIF
unremitted earnings of the Group’s subsidiaries established in Mainland China that are subject to withholding taxes.
In the opinion of the directors, it is not probable that these subsidiaries will distribute such earnings in the foreseeable
future. At 30 June 2015, the aggregate amount of temporary differences associated with investments in subsidiaries
JO .BJOMBOE $IJOB GPS XIJDI EFGFSSFE UBY MJBCJMJUJFT IBWF OPU CFFO SFDPHOJTFE XBT BQQSPYJNBUFMZ ),
HK$5,631,000).
26. SHARE CAPITAL
SHARES
Group and Company
2015
HK$’000
HK$’000
Authorised:
10,000,000,000 ordinary shares of HK$0.1 each
1,000,000
1,000,000
_________
_________
Issued and fully paid:
PSEJOBSZ TIBSFT PG ), FBDI
21,441
21,356
