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SEC Filings

8-K/A
SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K/A on 08/14/2017
Entire Document
 

Wide Angle Group Limited

 

December 31, 2015 and December 31, 2016

 

Note 9 –Income tax expense

 

The current and deferred portion of income tax expenses included in the consolidated statements of comprehensive income were as follows:

 

   December 31, 
   2015   2016 
Current income tax expenses   -    - 
Deferred income tax expenses   -    - 
    -    - 

  

Reconciliation between the effective income tax rate and the Hong Kong statutory income tax rate was as follows:

 

   December 31, 
   2015   2016 
Hong Kong statutory tax rate   16.5%   16.5%  
Effect of different tax rate of subsidiary operations in other jurisdiction   -    (0.0%)
Net loss that does not recognized deferred tax   (16.5%)   (16.5%)
Effective income tax rate   -    - 

 

The accompanying notes are an integral part of these consolidated financial statements. 18