Company: NUTR
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024295
Chunk: 167

Company: NUSATRIP Inc
Filing Date: 2025-08-15
Form: 424B3
Chunk 167
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 benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

| F-24 |

<div align='center'>NUSATRIP INCORPORATED
NOTES TO CARVE-OUT COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023
(Currency expressed in United States Dollars (“US$”))</div>

NOTE 11 — INCOME TAXES(cont.)

Singapore

Nusatrip International and Nusatrip Singapore operating in Singapore are subject to the Singapore Income Tax at a standard income tax rate of 17% during its tax year.

As of December 31, 2024 and 2023, the operation in the Singapore incurred $48,102 and $42,544, respectively, of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards have no expiration. The Company has provided for a full valuation allowance against the deferred tax assets of $8,177 as of December 31, 2024 and $7,232 as of December 31, 2023 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Malaysia

Nusatrip Malaysia operating in Malaysia is subject to the Malaysia Income Tax at a standard income tax rate of 24% during its tax year.

As of December 31, 2024 and 2023, the operation in the Malaysia incurred $33,075 and $26,569, respectively, of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss generated in a tax year can be carried forward for ten (10) years. The Company has provided for a full valuation allowance against the deferred tax assets of $7,938 as of December 31, 2024 and $6,377 as of December 31, 2023 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Indonesia

PTTSM is registered in Indonesia and is subject to the tax laws of Indonesia at a standard income tax rate of 22% during its tax year.

As of December 31, 2024 and 202