Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 127

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 127
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in 4 other jurisdictions.

Taxation and Financial Reporting

Value Added Tax

Value Added Tax (“VAT”) in Indonesia is
a consumption tax that is applied to the sale of goods and services. The standard VAT rate in Indonesia is 12%. Businesses that meet the
criteria are required to register for VAT and charge it on their sales. VAT returns must be filed periodically with the tax authorities.

Income Tax

Companies are subject to income tax on their earnings.
Online platforms must ensure they comply with the Directorate General of Taxes by filing tax returns and maintaining financial records.

Withholding Tax

Our Company’s platform providing services to
Indonesian consumers or businesses (like affiliate commissions or service fees) may be subject to withholding taxes, which should be disclosed
and deducted as per local regulations.

Data Protection and Privacy

We are subject to various laws and regulations covering
the privacy and protection of users’ data. Because we handle, collect, store, receive, transmit, transfer, and otherwise process
certain information, which may include personal information, regarding our users and employees in the ordinary course of business, we
are subject to federal, state and foreign laws related to the privacy and protection of such data. These laws and regulations, and their
application to our business, are increasingly changing and expanding. Compliance with these laws and regulations could affect our business,
and their potential impact is uncertain. Any actual or perceived failure to comply with these laws and regulations may result in investigations,
claims and proceedings, regulatory fines or penalties, damages for breach of contract, or orders that require us to change our business
practices, including the way we process data.

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We are subject to various laws and regulations covering
the privacy and protection of users’ data, such as Indonesian Law No. 27 of 2022 concerning Personal Data Protection, Data Privacy
Law in the Philippines and Vietnam’s Decree on Personal Data Protection. These laws are similar in nature and reflect the effort
of these governments to take responsibility for providing security and ensuring recognition and respect for the importance of personal
data protection. The laws have provisions to ensure that companies with personal data use the data fairly, lawfully and transparently.
In some cases, specific consent is required for the use or disclosure of personal data. We are required to have appropriate security measures
to secure individuals’ personal data. These laws make us subject to breach notification laws in the jurisdictions in which we operate,
and we may be subject to litigation and regulatory enforcement actions as a result