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INCOME TAXES (Tables)
6 Months Ended
Dec. 31, 2021
INCOME TAXES  
Reconciliation of income tax rate

 

 

Six Months ended

December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Loss before income taxes

 

$(95,333)

 

$(56,495)

Statutory income tax rate

 

 

16.5%

 

 

16.5%

Income tax impact at the statutory rate

 

 

(15,730)

 

 

(9,322)

Net operating loss against valuation allowance

 

 

15,730

 

 

 

9,322

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

$-

 

 

$-

 

Schedule of net deferred tax assets

 

 

December 31,

2021

 

 

June 30,

2021

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carryforward from:

 

 

 

 

 

 

– United States of America

 

$160,892

 

 

$160,892

 

– Hong Kong

 

 

42,362

 

 

 

26,632

 

– The PRC

 

 

7,536

 

 

 

7,424

 

Total deferred tax assets

 

 

210,790

 

 

 

194,948

 

Less: valuation allowance

 

 

(210,790)

 

 

(194,948)

Net deferred tax assets

 

$-

 

 

$-