DK Sinopharma, Inc. is Honored as 'A-class Taxpayer' for the ... ( XI'AN China Dec. 20 2010 Asia-FirstCa...)

DK Sinopharma, Inc. is Honored as 'A-class Taxpayer' for the Third Time

Date:12/20/2010

XI'AN, China, Dec. 20, 2010 /PRNewswire-Asia-FirstCall/ -- DK Sinopharma, Inc. (OTC Bulletin Board: DKSP) ("DK Sinopharma" or the "Company") was honored at a grand awards ceremony on December 8, 2010 for its designation as an "A-class taxpayer" in Shaanxi Provincial Tax Paying Credit Rating on September 30, 2010.

"We are very pleased to receive this honor again. It is the third time in a row that the Company has been rated as 'A-class taxpayer' for the two-year period from 2010 to 2011, the first time being for the two-year period from 2006 to 2007 and the second time for the two year period from 2008 to 2009, by both Shaanxi State Taxation Bureau and Shaanxi Local Tax Bureau," said Professor Dongke Zhao, the founder and CEO of DK Sinopharma, Inc. "Ever since the Company was founded, we have continued to improve the financial management system, pay taxes in good faith, and enhance awareness of paying taxes in accordance with the law, which not only has increased the credibility and reputation of our Company but also made great contributions to local economic and social development."

"A-class taxpayer" is the recognition from tax authorities of the government to Companies for their contributions to the Shaanxi economy. The Shaanxi Provincial Tax Paying Credit Rating is assessed by both the Shaanxi State Taxation Bureau and Local Tax Bureau every two years and the companies are usually classified into A, B, C, and D levels related to their Credit standing, among which "A-class taxpayer" is the greatest honor. Those companies designated as "A class taxpayer" have scored more than 95 of 100 in the assessment in accordance with the Provincial Tax Paying Credit Rating Standards.

Only about 900 enterprises received the honor as "A-class taxpayer" among hundreds of thousands of enterprises in Shaanxi Province, among which there are only 15 pharmaceutical companies. T
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SOURCE DK Sinopharma, Inc.
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