Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 109

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 109
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 assets and liabilities and their
respective tax basis using enacted tax rates in effect for the tax year in which the differences are expected to reverse. Significant
deferred tax assets and liabilities of the Company as of June 30, 2025 and December 31, 2024 consist of the following:

SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITIES

    June 30, 2025  
    December 31,  2024 

    Cumulative loss 
    $8,613,556  
    $8,156,178 

    Deferred tax asset 
     92,345  
     88,913 
  
    Valuation allowance adjustments 
     (92,345) 
     (88,913)
  
    Post employment benefit 
     57,688  
     57,688 
  
    Deferred tax assets, net 
    $57,688  
    $57,688 

The
Internal Revenue Code includes a provision, referred to as Global Intangible Low-Taxed Income (“GILTI”), which provides for
a 10.5% tax on certain income of controlled foreign corporations. We have elected to account for GILTI as a period cost if and when occurred,
rather than recognizing deferred taxes for basis differences expected to reverse.

NOTE
– 15 PENSION COSTS

The
Company is required to make contribution to their employees under a government-mandated defined contribution pension scheme for its eligible
full-times employees in all countries operating in the Company. The Company is required to contribute a specified percentage of the participants’
relevant income based on their ages and wages level. During the six months ended June 30, 2025 and 2024, $27,879 and $43,604 contributions
were made accordingly. During the three months ended June 30, 2025 and 2024, $13,940 and $14,763 contributions were made accordingly.

NOTE
– 16 RELATED PARTY TRANSACTIONS

From
time to time, shareholder of the Company advanced funds to the Company for working capital purposes. Those advances are unsecured, non-interest
bearing and due on demand.

The
Company has no other significant or material related party transactions during the years presented.

    34

NOTE
– 17 CONCENTRATIONS OF RISK

The
Company is exposed to the following concentrations of risk:

SCHEDULE
OF CONCENTRATION OF RISK