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Deferred Tax and Income Tax (Tables)

12 Months Ended

Jun. 30, 2024

Deferred Tax and Income Tax [Abstract]

Schedule of Roll Forward of Net Deferred Tax

The roll forward of net deferred tax as of June 30, 2024 and 2023 is as follows:

		2024				2023
Balance at beginning of year		$	1,071,807			$	—
Incorporated through the business combination			—				1,297,436
Credited to profit & loss			(1,046,985	)			(234,542	)
Charged to Other Comprehensive Income			47,274				8,913
Balance at year end		$	72,096			$	1,071,807

Schedule of Principal Statutory Taxes Rates in the Countries

Principal statutory taxes rates in the countries where the Group operates for all the years presented are:

Tax Jurisdiction		2024		2023		2022
Argentina		25% – 35%		25% – 35%		—
Luxembourg		15% – 17%		15% – 17%		—
United Kingdom		19%		19%		19%

Schedule of Income Tax for Other Jurisdictions

Income tax for other jurisdictions is calculated based on the substantially enacted nominal tax rates prevailing in the respective jurisdictions.

		As of June 30, 2024				As of June 30, 2023				As of June 30, 2022
Loss before tax		$	(8,359,245	)		$	(52,023,422	)		$	(4,526,905	)
Corporate tax rate			15	%			15	%			19	%
Income tax (benefit)/expense			1,253,887				7,803,513				860,112
Effect of difference tax rates subsidiaries operating in other jurisdictions			324,182				428,506				—
Tax losses(i)			(1,921,890	)			(1,631,947	)			(860,112	)
Non-deductible expenses – listing cost			—				(6,405,759	)			—
Net gain on inflation effect on monetary items			738,674				52,914				—
Income tax inflation adjustment			524,342				(35,826	)			—
Others			127,790				23,141				—
Tax benefit for the year		$	1,046,985			$	234,542			$	—

(i) Deferred tax assets have not been recognized, because it is not probable that future taxable profit will be available against which the Group can use the benefits therefrom

Schedule of Net Deferred Tax Liabilities

Net deferred tax liabilities are comprised of the following amounts:

		As of June 30, 2024			As of June 30, 2023
Deferred tax asset
Tax loss carry-forward			777,515			292,267
Other tax receivables			6,892			—
Total other receivables		$	784,407		$	292,267

Deferred tax liability
Customer relationship			845,069			1,346,374
Fixed assets			11,434			—
Other tax liabilities			—			17,700
Total deferred tax liability		$	856,503		$	1,364,074
Net deferred tax liability		$	72,096		$	1,071,807

Schedule of Accumulated Tax Loss Carryforwards

The following table shows the expiration date of the recognized accumulated tax loss carryforwards pursuant to statutes of limitations:

Fiscal year		Tax-loss carry forward			Deferred tax asset			Expiration date		Tax jurisdiction
2022			3,086			771		2027		Argentina
2023			1,806,586			451,646		2028		Argentina
2024			1,300,390			325,098		2029		Argentina
Total		$	3,110,061		$	777,515

Schedule of Future Taxable Profit

Deferred tax assets have not been recognized in respect of the following items, because it is not probable that future taxable profit will be available against which the Group can use the benefits therefrom:

		2024				2023
Tax losses per country		Gross amount		Tax effect		Gross amount		Tax effect
United Kingdom(1)		15,405,401		2,927,026		11,536,344		2,191,905
Luxembourg(2)		46,434,435		6,965,165		42,751,716		6,412,757
Argentina		2,791,314		697,829		253,868		63,468
Total		64,631,150		10,590,020		54,541,928		8,668,130

(1) In the UK losses may be carried forwards indefinitely. The use of carried forwards losses is restricted to 50% of profits above a groupwide GBP 5 million allowances per year.

(2) In Luxembourg losses may be carried forward for 17 years.