Company: NUTR
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001641172-25-000122
Chunk: 171

Company: NUSATRIP Inc
Filing Date: 2025-03-21
Form: S-1
Chunk 171
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 Prior tax – Over    
 provision           |     |              | (4,597 | ) |     |   |      — |
| Income tax (credit) 
 expense             |     | $            | (4,031 | ) |     | $ | 16,185 |

Reconciliation of statutory to effective
tax rate:

|                                         |     | Year ended   
 December 31, 
 2024         |          |   |     | 2023 |        |   |
|:----------------------------------------|:----|:-------------|---------:|:--|:----|:-----|-------:|:--|
| (Loss) Income before tax                |     | $            | (791,127 | ) |     | $    | 96,097 |   |
| U.S. federal statutory tax rate (21%)   |     |              | (166,137 | ) |     |      | 20,180 |   |
| Foreign income taxed at different rates |     |              |   (1,910 | ) |     |      |      — |   |
| Non-taxable income                      |     |              |  (39,041 | ) |     |      |  2,381 |   |
| Non-deductible expenses                 |     |              |  118,741 |   |     |      |      — |   |
| Valuation allowance adjustments         |     |              |   88,913 |   |     |      | (6,376 | ) |
| Over provision of prior year            |     |              |   (4,597 | ) |     |      |      — |   |
|                                         |     | $            |   (4,031 | ) |     | $    | 16,185 |   |

The effective tax rate in the year presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company’s subsidiaries mainly operate in United States-Nevada, Indonesia, Singapore, Malaysia and Vietnam that are subject to taxes in the jurisdictions in which they operate, as follows:

United States

The Company is registered in the Nevada and is subject to the State and Federal tax laws of United States. As of December 31, 2024 and December 31, 2023, no operating losses which can be carried forward to offset future taxable income.

Vietnam

MLTCL and VITS operating in Vietnam is subject to the Vietnam