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Friday 24 October 2014

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IFRS Interpretations Committee

Levies: Identification of a present obligation to pay a levy that is subject to a pro rata activity threshold as well as an annual activity threshold


 Agenda decision

IFRIC 21 Levies: Identification of a present obligation to pay a levy that is subject to a pro rata activity threshold as well as an annual activity threshold

The objective of this project is to clarify how “the activity that triggers the payment of the levy” in paragraph 8 of IFRIC 21 should be interpreted in identifying an obligating event for a levy that is subject to an annual threshold as well as a ‘pro-rata’ threshold.

Project stages

Deliberations

Deliberations

Completed: March 2014