Updates to Committee’s agenda decisions for IFRS 18

At its meeting in November 2025, the IFRS Interpretations Committee (Committee) considered feedback on its proposals published in the June 2025 IFRIC Update:

1. to replace the references to IAS 1 Presentation of Financial Statements with references to the new or amended requirements in IFRS 18 Presentation and Disclosure in Financial Statements for nine agenda decisions that refer to the general requirements about presentation, materiality and aggregation of information in the financial statements; and.
2. to explain how an entity applies the requirements in IFRS 18 to the fact pattern addressed by the Agenda Decision Supply Chain Financing Arrangements—Reverse Factoring.

At that meeting, the Committee decided:

1. to recommend to the IASB to withdraw the two agenda decisions Presentation of income and expenses arising on financial instruments with a negative yield and Supply Chain Financing Arrangements—Reverse Factoring.
2. to propose additional updates to the two agenda decisions Presentation of payments on non-income taxes and Presentation of payments on non-income taxes. The proposed additional updates are published in IFRIC Update November 2025.
3. to finalise the proposed updates to the remaining six agenda decisions.

At its January 2026 meeting, the International Accounting Standards Board (IASB):

1. decided to withdraw the Agenda Decisions Presentation of income and expenses arising on financial instruments with a negative yield and Supply Chain Financing Arrangements—Reverse Factoring.
2. did not object to six updated agenda decisions.
   

At its March 2026 meeting, the IFRS Interpretations Committee (Committee) decided to finalise the updates to agenda decisions:

1. Presentation of payments on non-income taxes (IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes); and
2. Classification of tonnage taxes (IAS 12).

The IASB will be asked whether it objects to those updates at its future meeting.