Emeren Group Ltd - 20-F filing on 2018-04-30

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

	Years ended December 31,
	2015		2016		2017
Income (Loss) before income tax
PRC	$	-	$	(69,465)	$	2,938,038
Other jurisdictions		20,190,079		296,039		583,861

Total		20,190,079		226,574		3,521,899

Current tax benefit (expense)
PRC		-		-		(11,926)
Other jurisdictions		(34,721)		(283,829)		(222,094)

Subtotal		(34,721)		(283,829)		(234,020)
Deferred tax benefit (expense)				-
PRC		-		-		1,402
Other jurisdictions		57,912		151,737		(89,450)

Subtotal		57,912		151,737		(88,048)

Total income tax benefit (expense)	$	23,191	$	(132,092)	$	(322,068)

	At December 31,
	2016		2017
Deferred tax assets:
Accrued expenses	$	-	$	6,254
Tax losses		3,482,010		3,234,651
Others		-		55,282
Total gross deferred tax assets		3,482,010		3,296,187
Valuation allowance on deferred tax assets		(3,334,464)		(3,236,889)
Net deferred tax assets	$	147,546	$	59,298

	Years ended December 31,
	2015			2016			2017
PRC applicable income tax rate		25	%		25	%		25	%
Valuation allowance		1	%		26	%		(3)	%
Preferential tax rate		-			-			(24)	%
Effect of different tax rate of subsidiaries		(22)	%		20	%		(4)	%
Others		(4)	%		(13)	%		(4)	%
Effective income tax rate		0	%		58	%		(10)	%

	Year ended December 31,
	2015		2016		2017
	USD		USD		USD

Preferential tax effect	$	-	$	-	$	845,010
Basic earnings per share from continuing operations effect -decrease		-		-		-
Diluted earnings per share from continuing operations effect -decrease	$	-	$	-	$	-