Taxes Payable (Tables)

3 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of income taxes and related payables

	Sept 30,			June 30,
	2020			2020
VAT provision	$	(249,770	)	$	(257,068	)
Income tax payable		2,045,268			1,704,543
Other levies		1,381,486			1,187,442
Repatriation tax		29,010,535			29,010,535
Total	$	32,187,519		$	31,645,452

Schedule of provision for income taxes

	September 30,		September 30,
	2020		2019
Current tax - foreign	$	1,569,003	$	449,131
Deferred tax		-		-
Total	$	1,569,003	$	449,131

Schedule of Deferred Tax Assets and Liabilities

	September 30,			June 30,
	2020			2020
Deferred tax assets
Deferred Tax Benefit		8,065,107			33,743,546
Valuation allowance		(8,065,107	)		(33,743,546	)
Total deferred tax assets	$	-			-

Schedule of effective income tax rate reconciliation

	China					United States
	15% - 25%					21%					Total
Pretax income (loss)	$	(28,928,034	)				(455,876	)			$	(29,383,911	)
Expected income tax expense (benefit)		(7,232,009	)	25.0	%		(95,734	)	21.0	%		(7,327,742	)
High-tech income benefits on Jinong		(178,593	)	0.6	%		-		-			(178,593	)
Losses from subsidiaries in which no benefit is recognized		8,065,107		(27.9	)%		-		-			8,065,107
Change in valuation allowance on deferred tax asset from US tax benefit		914,498		(3.2)	%		95,734		(21.0	)%		1,010,232
Actual tax expense	$	1,596,003		(5.4	)%	$	-		-	%	$	1,569,003		(5.3	)%

	China					United States
	15% - 25%					21%					Total
Pretax income (loss)	$	(6,527,995	)				(338,673	)			$	(6,866,668	)
Expected income tax expense (benefit)		(1,631,999	)	25.0	%		(71,121	)	21.0	%		(1,703,120	)
High-tech income benefits on Jinong		(61,659	)	0.9	%		-		-			(61,659	)
Losses from subsidiaries in which no benefit is recognized		2,142,789		(32.8	)%		-		-			2,142,789
Change in valuation allowance on deferred tax asset from US tax benefit		-					71,121		(21.0	)%		71,121
Actual tax expense	$	449,131		(6.9	)%	$	-		-	%	$	449,131		(6.5	)%