The IFRS Taxonomy 2021 reflects the presentation and disclosure requirements of the IFRS Standards as issued by the International Accounting Standards Board (Board) at 1 January 2021, the  IFRS for SMEs  Standard as issued by the Board in December 2015 and Practice Statement 1  Management Commentary as issued by the Board in December 2010. 

The IFRS Taxonomy also includes elements that reflect common reporting practice by entities that apply IFRS Standards (common practice). 

The IFRS Taxonomy 2021 includes changes to the IFRS Taxonomy 2020 reflecting amended IFRS Standards: 

  • Covid-19-Related Rent Concessions (Amendment to IFRS 16 Leases), issued by the Board in May 2020; 

  • Property, Plant and Equipment—Proceeds before Intended Use (Amendments to IAS 16 Property, Plant and Equipment), issued in May 2020; 

  • Amendments to IFRS 17 Insurance Contracts and Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4), issued in June 2020; and 

  • Interest Rate Benchmark Reform—Phase 2 (Amendments to IFRS 9 Financial Instruments, IAS 39 Financial Instruments: Recognition and Measurement, IFRS 7 Financial Instruments: Disclosures, IFRS 4 Insurance Contracts and IFRS 16 Leases), issued in August 2020. 

The IFRS Taxonomy 2021 also includes new common practice elements and general taxonomy improvements to support high-quality tagging of: 

  • disclosures related to IAS 19 Employee Benefits; and 

  • information presented in the primary financial statements. 

The IFRS Taxonomy 2021 was published on 24 March 2021. 

Below you will find all information relevant to the annual IFRS Taxonomy. Additional resources, such as Illustrative Examples, can be accessed here

Name and description of entry point

Entry point
Full IFRS Standards Entry Point—to view the IFRS Taxonomy for full IFRS Standards reporting.

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Management Commentary Entry Point—to view the IFRS Taxonomy for IFRS Practice Statement 1 Management Commentary reporting.

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Full IFRS Standards and Management Commentary Entry Point—to view the IFRS Taxonomy for full IFRS Standards reporting with IFRS Practice Statement 1 Management Commentary.

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IFRS for SMEs Entry Point—to view the IFRS Taxonomy for IFRS for SMEs Standard reporting.

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Combined Entry Point—to view the IFRS Taxonomy for full IFRS Standards, the IFRS for SMEs Standard, and the IFRS Practice Statement 1 Management Commentary reporting.

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Basic Entry Point—to view the IFRS Taxonomy for full IFRS Standards reporting without generic links.

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Deprecated Entry Point—to view the deprecated IFRS Taxonomy elements for IFRS Standards reporting

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Name

In HTML
Documentation detailing the changes between the full IFRS Taxonomy 2020 and the full IFRS Taxonomy 2021

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Documentation detailing the changes between the IFRS Taxonomy for SMEs Standard 2020 and the IFRS Taxonomy for SMEs Standard 2021

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A webcast that provides a short introduction into the IFRS Taxonomy 2021 and highlights the key changes from the IFRS Taxonomy 2020.

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