Ministry of Finance Decree No. 334 of the Year 2013 On Determining the Value of the Loan Provisions at Banks which are Approved as Part of the Deductible Costs in Accordance with the Provisions of the Income Tax Law Issued as per Law No. 91 of the Year 2005 and its Amendments = وزارة المالية قرار رقم 334 لسنة 2013 بشأن تحديد قيمة مخصصات القروض بالبنوك التى يتم اعتمادها من التكاليف واجبة الخصم وفقاً لأحكام قانون الضريبة على الدخل الصادر بالقانون رقم 91 لسنة 2005 وتعديلاته

Abstract

Article 2: In applying the provisions of Articles Nos. (17, 22 and 51) of the Income Tax Law issued as per Law No. 91 of the year 2005 and its amendments, and for taxation purposes, the loan provisions, that banks are committed to form in accordance with the rules of the preparation of the financial statements and the valuation bases issued by the Central Bank, shall be considered as part of the costs deductible from the net profits of the bank at a ceiling of (80%) of the loan provisions formed and approved by the Central Bank.