Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 44

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 44
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2025, the Company’s subsidiary operations in the Vietnam incurred $53,924 of cumulative net operating losses which
can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2026, if unutilized.
The Company has provided for a full valuation allowance against the deferred tax assets of $8,727 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

The
Company’s subsidiary 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 September 30, 2025, the the Company’s subsidiary operations in the Indonesia incurred $29,972 of cumulative net operating losses
which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2026, if unutilized.
The Company has provided for a full valuation allowance against the deferred tax assets of $24,974 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.

China

The
Company’s subsidiary is registered in China and is subject to the tax laws of the People’s Republic of China at a standard
income tax rate of 20% during its tax year.

As
of September 30, 2025, the Company’s subsidiary operations in China incurred $20,140 of net operating gain. The Company has provided
for a full tax effect allowance against the current and deferred tax expenses of $5,021.

Hong
Kong

The
Company’s subsidiary is incorporated in Hong Kong and is subject to the Hong Kong Profits Tax at a standard rate of 17%  on
assessable income for the tax year.

As
of September 30, 2025, the Company’s Hong Kong operations incurred $51,248 of cumulative net operating losses which can be carried
forward to offset future taxable profits, in accordance with the Hong Kong Inland Revenue Ordinance. The net operating loss carryforwards
have no expiration period under current Hong Kong tax law. The Company has provided for a full valuation allowance against the deferred
tax assets of $8,456 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more