An Update on Bad Debt Provision Calculation for Financial Institutions Under The Ministry of Finance Regulation Number 74 Year 2024

RSM Indonesia have been a discussion on the issuance of Ministry of Finance Regulation Number 74 Year 2024 concerning the Establishment of Allowance for Bad Debts Deductible from Gross Income, which provides critical guidance for the banking industry in managing
credit risk effectively.

This regulation is intended to ensure legal certainty, justice, and simplicity in calculating the costs for establishing allowances for bad debts that can be deducted from gross income to determine taxable income for banks and other business entities involved in credit and/or financing. This program
presents our thoughts on some current taxation concerns, followed by a Q&A session to respond to your queries.

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