IASB decisions: July 2026 meeting

The International Accounting Standards Board (IASB) has concluded discussions on the Post-implementation Review of IFRS 16 Leases and agreed to propose amendments to IFRS 18 Presentation and Disclosure in Financial Statements on the presentation of specific tax charges.

Post-implementation Review of IFRS 16

The IASB has completed its discussion of feedback on the Post-implementation Review of IFRS 16 Leases, concluding that the Standard is overall working as intended. Stakeholder feedback gathered throughout the review confirmed that IFRS 16 has improved the transparency and comparability of information about leases, giving investors and other users of financial statements a better basis for assessing the effect of leases on a company’s financial position, financial performance and cash flows.

In response to stakeholder feedback on the ongoing costs of applying some requirements, the IASB has decided to undertake a project to explore how those costs can be reduced without significantly affecting the usefulness of the lease-related financial information. The project will focus on remeasurements of lease liabilities and discount rates. It will also clarify how the requirements in IFRS 16 and IFRS 9 Financial Instruments apply to some rent concessions. The IASB will decide when this project will start at a future meeting.

The IASB expects to publish the Project Summary and Feedback Statement on the Post-implementation Review in the fourth quarter of 2026.

Presentation of specific tax charges in IFRS 18

The IASB agreed to propose amendments to IFRS 18 Presentation and Disclosure in Financial Statements so that a tax charge imposed as a direct substitute for an income tax would be classified in the income taxes category of the statement of profit or loss. This would apply where legislation specifies that a company is required or can elect to pay a specified tax charge instead of an income tax.

The IASB expects to publish an Exposure Draft in the fourth quarter of 2026.