Income Tax Expense - Schedule of Income Tax Expense (Details) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Feb. 28, 2022 |
Feb. 28, 2021 |
Feb. 29, 2020 |
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| Current tax expense | |||
| Current year | $ 4,090,059 | $ 1,592,549 | |
| Under provision in prior year | $ 88,588 | 543,457 | |
| Current tax expense | 88,588 | 4,633,516 | 1,592,549 |
| Deferred tax expense | |||
| Origination of temporary differences | 1,049,973 | 1,714,928 | |
| Deferred tax expense | 1,049,973 | 1,714,928 | |
| Income tax expense | 1,138,561 | 6,348,444 | 1,592,549 |
| Reconciliation of effective tax rate | |||
| Profit before income tax | 34,562,090 | 51,601,156 | 15,173,340 |
| Income tax using Singapore rate of 17% (2020: 17%) | 5,875,555 | 8,772,196 | 2,579,468 |
| Effect of tax rates in foreign jurisdiction | (20,802) | 918,306 | |
| Non-deductible expenses | 2,232,578 | 579,122 | 31,066 |
| Tax exempt income | (6,978,875) | (4,451,909) | |
| Tax incentives | (58,483) | (12,728) | (26,524) |
| Utilisation of tax losses carried forward | (372,852) | ||
| Utilisation of group tax relief | (569,143) | ||
| Under provision in prior year | 88,588 | 543,457 | |
| Others | (49,466) | ||
| Income tax expense | $ 1,138,561 | $ 6,348,444 | $ 1,592,549 |
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- Definition Adjustments of tax expense (income) recognised in the period for current tax of prior periods. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of current tax expense (income) and adjustments for the current tax of prior periods. [Refer: Current tax expense (income); Adjustments for current tax of prior periods] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of tax expense or income relating to changes in deferred tax liabilities and deferred tax assets, recognised in profit or loss. [Refer: Deferred tax assets; Deferred tax expense (income); Deferred tax liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of deferred tax expense or income relating to the creation or reversal of temporary differences. [Refer: Temporary differences [member]; Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that the entity does not separately disclose in the same statement or note. [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) before tax expense or income. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining taxable profit (tax loss). [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to foreign tax rates. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to revenues that are exempt from taxation. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Tax effect of tax incentives. No definition available.
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- Definition Tax effect of utilization of group tax relief. No definition available.
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- Definition Tax effect of utilization of tax losses carried forward. No definition available.
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