Company: NUTR
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024295
Chunk: 202

Company: NUSATRIP Inc
Filing Date: 2025-08-15
Form: 424B3
Chunk 202
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 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

Nusatrip Malaysia operating in Malaysia is subject to the Malaysia Income Tax at a standard income tax rate of 24% during its tax year.

As of March 31, 2025 and December 31, 2024, the operation in the Malaysia incurred $33,376 and $33,075, respectively, of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss generated in a tax year can be carried forward for ten (10) years. The Company has provided for a full valuation allowance against the deferred tax assets of $72 as of March 31, 2025 and $7,938 as of December 31, 2024, 2023 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

PTTSM 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 March 31, 2025 and December 31, 2024, PTTSM incurred $8,142,965 and $7,747,486, respectively, of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss generated in a tax year can be carried forward for five (5) years. The Company has provided for a full valuation allowance against the deferred tax assets of $74,941 as of March 31, 2025 and $1,704,447 as of December 31, 2024 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.

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 December 31, 2024 and 2023, the Company does not have any unrecognized tax benefits, and continues to monitor