9. TAXES PAYABLE

Taxes payable consisted of the following as of March 31, 2018 and December 31, 2017:

	2018		2017
Income - current	$	1,134,364	$	1,097,768
VAT		1,286,626		1,145,363
Other		202,780		180,649
Total - current		2,623,770		2,423,780
Income - noncurrent	$	6,998,625	$	6,998,625

Income tax payable was approximately $8.13 million at March 31, 2018, of which, $0.60 million current and $7.00 million noncurrent was from recording the estimated one-time transition tax on post-1986 foreign unremitted earnings under the Tax Cut and Jobs Act signed on December 22, 2017. An election is available for the US shareholder of foreign company to pay the tax liability in installments over a period of eight years with 8% of net tax liability in the first five years, 15% in the sixth year, 20% in the seventh year, and 25% in the eighth year.