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Income Tax (Tables)

6 Months Ended

Jun. 30, 2012

Reconcilation of U.S Statutory Rates to Effective Tax Rate

The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the six and three months ended June 30, 2012 and 2011, respectively:

		Six Months								Three Months
		2012				2011				2012				2011
U.S. statutory rates			34.0	%			34.0	%			34.0	%			34.0	%
Tax rate difference – current provision			(11.8	)%			(9.4	)%			(15.5	)%			(8.5	)%
Effective tax holiday			(9.4	)%			(6.2	)%			(12.5	)%			(7.2	)%
Non tax-deductible expense			0.3	%			8.8	%			11.0	%			13.8	%
Other			-	%			(0.3	)%			-	%			0.2	%
Valuation allowance on US NOL			8.1	%			(7.3	)%			8.1	%			(15.4	)%
Tax per financial statements			21.2	%			19.6	%			25.1	%			16.9	%

Provision for Income Tax Expenses

The provision for income taxes expenses for the six and three months ended June 30, 2012 and 2011 consisted of the following:

		Six Months								Three Months
		2012				2011				2012				2011
Income tax expense - current		$	375,010			$	1,572,051			$	176,787			$	809,195
Income tax expense (benefit) - deferred			567,071				607,580				277,902				(25,494	)
Total income tax expenses		$	942,081			$	2,179,631			$	454,689			$	783,701

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- Definition

Reconciliation of US Federal Statutory Income Tax Rate To Effective Tax Rate [Table Text Block]

+ References

No definition available.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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