Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 108

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 108
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 tax effect allowance against the current and deferred tax expenses of $33,102.

China

The
Company’s subsidiary is registered in China and is subject to the tax laws of the People’s Republic of China at a standard
income tax rate of 20% during its tax year.

As
of June 30, 2025, the Company’s subsidiary operations in China incurred $42,579 of cumulative net operating losses which can be
carried forward to offset future taxable income. The net operating loss carryforwards have no expiration. The Company has provided for
a full valuation allowance against the deferred tax assets of $8,516 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.

Malaysia

The
Company’s subsidiary is registered in Malaysia and is subject to the Malaysia Income Tax at a standard income tax rate of 24% during
its tax year.

As
of June 30, 2025, the operation in the Malaysia incurred $3,934 of net operating gain. The Company has provided for a full tax effect
allowance against the current and deferred tax expenses of $944.

Uncertain
tax position

The
Company is subject to taxation in the U.S. and various foreign jurisdictions. U.S. federal income tax returns for 2018 and after
remaining open to examination. We and our subsidiaries are also subject to income tax in multiple foreign jurisdictions. Generally,
foreign income tax returns after 2017 remain open to examination. No income tax returns are currently under examination. As of June
30, 2025 and December 31, 2024, the Company does not
have any unrecognized tax benefits, and continues to monitor its current and prior tax positions for any changes. The Company
recognizes penalties and interest related to unrecognized tax benefits as income tax expense. For the years ended June 30, 2025 and December 31, 2024, there were no
penalties or interest recorded in income tax expense.

Income
tax liability is calculated based on a separate return basis as if SOPA had filed separate tax returns before the completion of the Reorganization.
Immediately following the Reorganization, the Company began to file separate tax returns and report the income tax based on the actual
tax return of each legal entity under its respective tax regime.

    33

Deferred
tax assets and liabilities are recognized for future tax consequences between the carrying amounts of