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McQuade

1,497 Posts.

508

04/03/21

12:50

Post #: 51514382
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Originally posted by McQuade: ↑

Tax expense in China was $952,000 in 2019 on segment profit of $5.4m, and circa $500,000 in 6 months to Dec'18 on segment profit of $2.1m. Hardly de minimis.

The note in 2020 said the 15% rate would be changed to 25%, which goes to your point, but also states there may be a liability arising from this change (i.e. more tax payable).

p.s. they lost money in China for 6 months to Dec 2020...so no tax payable obviously.

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edit: obviously lost money in half to June 2020, not Dec 2020.

PET Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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