Article 66 outlines the tax treatment of loan loss provisions for banks. A bank may deduct provisions for loan losses made in the ordinary course of business. The allowable deduction is limited to the amount of provision recommended by the Central Bank of Oman (CBO) on a date nearest to the bank's balance sheet for that tax year. This ensures that the tax deduction for bad debts in the banking sector is strictly tied to the regulatory assessments of the CBO, preventing over-provisioning for the purpose of tax reduction while supporting financial stability.