Company: NUTR
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001641172-25-009604
Chunk: 181

Company: NUSATRIP Inc
Filing Date: 2025-05-12
Form: S-1/A
Chunk 181
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able.

NOTE 11 — INCOME TAXES

The provision for income taxes consisted of the following:

|                     |     | Year ended   
 December 31, |   2024 |   |     |   |   2023 |
|:--------------------|:----|:-------------|-------:|:--|:----|:--|-------:|
| Current tax         |     | $            |    566 |   |     | $ | 16,185 |
| 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