Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 134

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 134
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The
Company adopted the ASC Topic 740 “Income Tax” provisions of paragraph 740-10-25-13, which addresses the determination of
whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the unaudited condensed consolidated financial
statements. Under paragraph 740-10-25-13, the Company may recognize the tax benefit from an uncertain tax position only if it is more
likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the
position. The tax benefits recognized in the unaudited condensed consolidated financial statements from such a position should be measured
based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Paragraph
740-10-25-13 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim
periods and requires increased disclosures. The Company had no material adjustments 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.

54

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    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, Indonesia and China and maintains
its books and record in its local currency, Vietnam Dong (“VND