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Taxes (Tables) | 12 Months Ended
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Jun. 30, 2019
Taxes |
Schedule of significant components of the provision for income taxes | Significant components of the provision for income taxes are as follows:
|  | For the year |  | For the year |  | For the year
|  | ended |  | ended |  | ended
|  | June 30, 2019 |  | June 30, 2018 |  | June 30, 2017
Current |  | $ | — |  | $ | 841,312 |  | $ | 919,566
Deferred tax expense (benefit) |  |  | 213,649 |  |  | (126,936) |  |  | (43,829)
Total provision for income taxes |  | $ | 213,649 |  | $ | 714,376 |  | $ | 875,737
Schedule of reconciliation of statutory tax rates to effective tax rate | The following table reconciles China statutory rates to the Company’s effective tax rate:
|  | June 30, 2019 |  | June 30, 2018 |  | June 30, 2017 |
China income tax rate |  | 25.0 | % | 25.0 | % | 25.0 | %
Change in valuation allowance |  | 1.2 | % | 0.0 | % | 1.3 | %
Income tax exemption status granted |  | (21.5) | % | (9.3) | % | 0.0 | %
Others* |  | 0.0 | % | 0.2 | % | 0.0 | %
Effective tax rate |  | 4.7 | % | 15.9 | % | 26.3 | %
Schedule of taxes payable | Taxes payable consisted of the following:
|  | June 30, 2019 |  | June 30, 2018
Income taxes |  | $ | 2,805,722 |  | $ | 2,909,223
Other taxes |  |  | 169,324 |  |  | 128,362
Totals |  | $ | 2,975,046 |  | $ | 3,037,585

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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