v3.20.4

Income Taxes (Tables)

6 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of effective tax rate

		2020				2019
US federal statutory rates			(21.0	)%			(21.0	)%
Tax rate difference – current provision			(3.3	)%			(4.0	)%
Permanent difference				%			-	%
Effect of PRC tax holiday			3.3	%			10.0	%
Valuation allowance			21.0	%			15.0	%
Effective tax rate			-	%			-	%

		2020				2019
US federal statutory rates			(21.0	)%			(21.0	)%
Tax rate difference – current provision			(3.6	)%			(4.0	)%
Permanent difference				%			-	%
Effect of PRC tax holiday			1.9	%			10.0	%
Valuation allowance			22.7	%			15.0	%
Effective tax rate			-	%			-	%

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- References

No definition available.

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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

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