China Botanic (CBP) Receives 10% Tax Exemption; Guides FY11 Revs
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China Botanic Pharmaceutical Inc. (AMEX: CBP) announced that they will be receiving a 10% tax exemption as a result of passing the annual High-Tech Enterprise assessment.
Additionally, CBP will also be entitled to a preferential tax rate of 15% in FY11 which is notably lower than the statutory income tax rate of 25%.
China Botanic sees FY11 revs of %70.6 - $71.7 million.
Additionally, CBP will also be entitled to a preferential tax rate of 15% in FY11 which is notably lower than the statutory income tax rate of 25%.
China Botanic sees FY11 revs of %70.6 - $71.7 million.
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