XML 90 R70.htm IDEA: XBRL DOCUMENT v3.20.4
TAXES (Details) - USD ($)
12 Months Ended
May 01, 2016
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
Reconciliation of statutory rate to effective tax rate        
Value Added Tax rate (as a percent) 6.00% 6.00%    
Surcharges on VAT payable (as a percent) 12.00%      
Provision for income taxes   $ 76,264 $ 276,823 $ 716,816
Statutory income tax rate   25.00% 25.00% 25.00%
Rate differential   (12.60%) 15.80%  
Permanent difference on non-deductible expenses   (0.10%) 0.10% 1.90%
Utilization of the VIE's Net Operating Loss ("NOL") from prior years     (1.70%)  
Change in valuation allowance   (12.70%)    
Effective tax rate   (0.40%) 39.20% 26.90%
Multi-Channel Advertising services        
Reconciliation of statutory rate to effective tax rate        
Culture construction fee surcharge (as a percent) 3.00%      
Hong kong        
Reconciliation of statutory rate to effective tax rate        
Provision for income taxes   $ 0 $ 0 $ 0
Statutory income tax rate   16.50%