IFRS Taxonomy


The IFRS Taxonomy facilitates electronic reporting of IFRS financial information. By providing the IFRS Taxonomy, the IFRS Foundation can ensure that the taxonomy is an accurate representation of IFRS Standards.

The IFRS Taxonomy classifies information presented and disclosed in IFRS Financial statements, and reflects presentation and disclosure requirements in IFRS Standards issued by the Board. IFRS Taxonomy content also includes elements from the accompanying materials to IFRS Standards (Implementation Guidance and Illustrative Examples) and elements for disclosures not specifically required by IFRS Standards that are commonly reported in practice.

The IFRS Taxonomy Updates are published throughout the year when the Board issues new or amended Standards. Updates may also be released as a result of common practice projects or technology updates. Each year an annual compilation of all Updates is produced, known as the Annual IFRS Taxonomy.

The IFRS Taxonomy is developed through a formal due process. This ensures transparency and compliance with best practice, and also provides quality assurance and opportunities to engage with stakeholders. Click here to view the Due Process Handbook.

The development of the IFRS Taxonomy is supported by the IFRS Taxonomy Consultative Group, which provides technical advice and review on Taxonomy-related issues.

Some materials, including the 2017 IFRS Taxonomy, are currently available through links to the IFRS Foundation's archive website. This does not affect their validity, and the content will be moved across to this website in due course.

IFRS Taxonomy updates

In addition to releasing the annual IFRS Taxonomy, the Board publishes periodic updates. IFRS Taxonomy updates may contain:

  • IFRS Taxonomy changes as a result of new or amended IFRS Standards issued during the year;
  • new IFRS Taxonomy concepts to reflect IFRS common-reporting practice;
  • architectural changes to the IFRS Taxonomy; and
  • any other IFRS Taxonomy improvements.

IFRS Taxonomy updates support consistent adoption and implementation of IFRS Standards by providing taxonomy items reflecting the latest Standards issued by the Board and common reporting practices in IFRS financial statements.


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