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Taxes Payable (Tables)
3 Months Ended
Sep. 30, 2018
Taxes Payable [Abstract]  
Schedule of income taxes and related payables
    Sept 30,     June 30,  
    2018     2018  
VAT provision   $ (444,722 )   $ (449,140 )
Income tax payable     77,307       554,065  
Other levies     821,723       836,747  
Total   $ 454,308     $ 941,672
Schedule of provision for income taxes
    September 30,     September 30,  
    2018     2017  
Current tax - foreign   $ 1,654,416     $ 1,722,655  
Deferred tax     -       -  
    $ 1,654,416     $ 1,722,655
Schedule of effective income tax rate reconciliation

September 30, 2018

 

    China           United States                    
    15% - 25%           21%           Total        
Pretax income (loss)   $ 11,287,985               (621,765 )           $ 10,666,220          
                                                 
Expected income tax expense (benefit)     2,821,996       25.0 %     (130,571 )     21.0 %     2,691,426          
High-tech income benefits on Jinong     (1,041,180 )     (9.5 )%     -       -       (1,041,180 )        
Losses from subsidiaries in which no benefit is recognized     (126,400 )     (1.1 )%     -       -       (126,400 )        
Change in valuation allowance on deferred tax asset from US tax benefit     -               130,571       (21.0 )%     130,571          
Actual tax expense   $ 1,654,416       14.7 %   $ -       - %   $ 1,654,416       15.5 %

 

    China           United States                    
September 30, 2017   15% - 25%           34%           Total        
                                     
Pretax income (loss)   $ 7,015,501             $ (198,017 )           $ 6,817,484          
                                                 
Expected income tax expense (benefit)     1,753,875       0.250       (67,326 )     34 %     1,686,549          
High-tech income benefits on Jinong     (675,422 )     -0.096                       (675,422 )        
Losses from subsidiaries in which no benefit is recognized     644,202       0.092                       644,202          
Change in valuation allowance on deferred tax asset from US tax benefit     -               67,326       -34 %     67,326          
Actual tax expense   $ 1,722,655       24.6 %   $ -       0.00 %   $ 1,722,655       25.3 %