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INCOME TAXES (Tables)
 9 Months Ended
Sep. 30, 2014
INCOME TAXES (Tables)  
Current Taxes

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

 

 

 

Enterprise Income

Year

 

Tax Rate

2014

 

15%

2015

 

15%

2016

 

15%

Thereafter

 

25%
Provision For Income Taxes

The provision for income taxes consisted of the following:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Current

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Deferred

 

 

19,215

 

 

 

(472,512

)

 

 

57,758

 

 

 

(1,129,506

)

Total income tax expense (benefit)

 

$

19,215

 

 

$

(472,512

)

 

$

57,758

 

 

$

(1,129,506

)