Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 205

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 205
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 |      | 20,180 |   |
| Foreign income taxed at different rates |     |              |   (1,910 | ) |     |      |      — |   |
| Non-taxable income                      |     |              |  (39,041 | ) |     |      |  2,381 |   |
| Non-deductible expenses                 |     |              |  118,741 |   |     |      |      — |   |
| Valuation allowance adjustments         |     |              |   88,913 |   |     |      | (6,376 | ) |
| Over provision of prior year            |     |              |   (4,597 | ) |     |      |      — |   |
|                                         |     | $            |   (4,031 | ) |     | $    | 16,185 |   |

The effective tax rate in the periods/year
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’s
subsidiaries mainly operate in United States-Nevada, Indonesia, Singapore, Malaysia and Vietnam that 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 State and Federaltax laws of United States. As of December 31, 2024 and December 31,2023 and 2022,
no operating losses which can be carried forward to offset future taxable income.

Vietnam

MLTCL and VITS operating in Vietnam is subject to
the Vietnam Income Tax at a standard income tax rate of 20% during its tax year.

As of December 31, 2024 and2023, MLTCL incurred
$675,745 and $587,100, 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 net operating losses starts to expire
in 2021 until 2026. The Company has provided for a full valuation allowance against the deferred tax assets of $117,420135,149 as of December 31, 2024 and $117,420 as of December 31, 2023 on the expected future tax benefits from the net operating loss carryforwards
as the management believes it is more likely than not