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Taxes (Tables)

12 Months Ended

Sep. 30, 2021

Taxes

Schedule of effective tax rates

​

​	​	​	​	​	​	​	​
​	​	For the years ended September 30,
​		2021		2020		2019
Statutory PRC income tax rate		25.00	%	25.00	%	25.00	%
Effect of income tax exemption (a)		(41.01)	%	(27.49)	%	(25.34)	%
Favorable tax rate impact (a)		(0.33)	%	(1.46)	%	0.58	%
Permanent difference		(8.18)	%	0.00	%	0.26	%
Changes of deferred tax assets valuation allowances	​	1.96	%	5.27	%	0.48	%
Non-PRC entities not subject to PRC income tax		23.61	%	2.84	%	(13.48)	%
Total		1.05	%	4.16	%	(12.50)	%

(a) FLS Mushroom and Farmmi Food are engaged in agricultural industry and their income are tax exempted. Nongyuan Network, Farmmi Technology, Farmmi E-Commerce and Farmmi Biotech are subject to corporate income tax at a reduced rate of 5% as approved by local government as small-scaled minimal profit enterprises.

Schedule of provision for income tax

​

​	​	​	​	​	​	​	​	​	​
​	​	For the years ended September 30,
​		2021			2020			2019
Current	​	$	25,571	​	$	16,753	​	$	(29,813)
Deferred	​		—	​		—	​		—
Total	​	$	25,571	​	$	16,753	​	$	(29,813)

Schedule of components of deferred tax

​

​	​	​	​	​	​	​
​		September 30,			September 30,
​	​	2021		​	2020
Net operating loss carryforwards	​	$	13,569		$	—
Valuation allowance	​		(13,569)		​	—
Total	​	$	—		$	—

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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.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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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.

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