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INCOME TAXES (Tables)
 6 Months Ended
Jun. 30, 2012
INCOME TAXES (Tables)  
Current Tax

Under current tax law in the PRC, the Company is and will be subject to the following enterprise income tax rates:

 

 

Enterprise Income Tax Rate

Year

 

 

2012

 

15%

2013

 

15%

2014 and after

 

25%
Provision For Income Taxes

 

The provision for income taxes consisted of the following: 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2012

 

 

2011

 

 

2012

 

 

2011

 

Current

 

$

394,254

 

 

$

871,085

 

 

$

959,147

 

 

$

1,725,879

 

Deferred

 

 

(21,322

)

 

 

17,805

 

 

 

(55,634

)

 

 

16,391

 

Total income tax expense

 

$

372,932

 

 

$

888,890

 

 

$

903,513

 

 

$

1,742,270