Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 96

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 96
---
 to its liabilities for unrecognized income tax benefits according to the provisions of paragraph
740-10-25-13.

The estimated future tax effects of temporary differences
between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and
carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides
valuation allowances as management deems necessary.

In addition to U.S. income taxes, the Company and
its wholly-owned foreign subsidiaries, is subject to income taxes in the jurisdictions in which it operates. Significant judgment is required
in determining the provision for income tax, there may be transactions and calculations for which the ultimate tax determination is uncertain.
The Company recognizes liabilities for anticipated tax audit issues based on the Company’s current understanding of the tax law.
Where the final tax outcome of these matters is different from the carrying amounts, such differences will impact the current and deferred
tax provisions in the period in which such determination is made.

● Foreign Currencies Translation and Transactions

The reporting currency of the Company is the United
States Dollar (“US$”) and the accompanying consolidated unaudited condensed financial statements have been expressed in US$.
The Company’s subsidiaries operating in Singapore maintain its books and record in US$. In addition, the Company’s subsidiaries
are operating in the Republic of Vietnam, Malaysia and Indonesia and maintains its books and record in its local currency, Vietnam Dong
(“VND”), Malaysian Ringgit (“MYR”) and Indonesian Rupiah (“IDR”), respectively, which are the functional
currencies in which the subsidiary’s operations are conducted. In general, for consolidation purposes, assets and liabilities of
its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830, “Translation of
Financial Statement” (“ASC 830”) using the applicable exchange rates on the balance sheet date.

| 51 |

Shareholders’ equity is translated using historical
rates. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from the translation
of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income (loss)
within the unaudited condensed statements of changes in shareholder’s equity.

Translation of amounts from VND into US$ has been
made at the following exchange rates for the nine months ended September 30, 2024 and 2023 and the yearyears ended
December 31, 2024 and