TAXES PAYABLE

Current taxes payable consisted of the following:



	As of December 31, 2018		As of December 31, 2017
Income taxes payable	$	27,538	$	9,488
Payroll, social security, and other taxes payable	20,322		16,696
Value added taxes payable	19,985		14,676
Total	$	67,845	$	40,860

As a result of the U.S. Tax Act enacted on December 22, 2017, during the year ended December 31, 2017, the Company provisionally recorded income taxes payable of $64,321 to be paid over the next 8 years as a one-time transition tax on accumulated foreign subsidiary earnings not previously subject to U.S. income tax. Of this amount, $59,175 was classified as Taxes payable, noncurrent as of December 31, 2017. During the year ended December 31, 2018, the Company completed its assessment and adjusted the provisionally recorded amount to $59,386. Of this amount, $42,253 is classified as Taxes payable, noncurrent as of December 31, 2018. See Note 7 “Income Taxes” for additional discussion.