Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 107

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 107
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922)

    U.S. federal statutory tax rate (21%) 
     96,049  
     (93,224)
  
    Foreign loss taxed at different rates 
     (23,880) 
     (6,455)
  
    Non-deductible expenses 
     20,176  
     22,392 
  
    Valuation allowance adjustments 
     (92,345) 
     77,854 
  
    Income tax expense benefit 
    $—  
    $567 

The
effective tax rate in the years 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 operating in various countries are subject to taxes in the jurisdictions in which they operate, as follows:

United
States

The
Company is registered in the Nevada and is subject to the tax laws of United States.

As
of June 30, 2025, no operating losses which can be carried forward to offset future taxable income.

Singapore

The
Company’s subsidiary is registered in the Republic of Singapore and is subject to the tax laws of Singapore.

As
of June 30, 2025, the operation in the Singapore incurred $636,115 of net operating gain. The Company has provided for a full tax effect
allowance against the current and deferred tax expenses of $108,141.

    32

Vietnam

The
Company’s subsidiary operating in Vietnam is subject to the Vietnam Income Tax at a standard income tax rate of 20% during its
tax year.

As
of June 30, 2025, the operation in the Vietnam incurred $36,982 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 $6,025 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 June 30, 2025, the Company’s subsidiary operations in Indonesia incurred $64,990 of net operating gain. The Company has provided
for a full