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The International Accounting Standards Board (IASB) is considering changes to the IFRS Accounting Taxonomy resulting from the following amendments:

  1. Lease Liability in a Sale and Leaseback, which amended IFRS 16 Leases and was issued in September 2022; and
  2. Non-current Liabilities with Covenants, which amended IAS 1 Presentation of Financial Statements and was issued in October 2022.

A proposed update to the IFRS Accounting Taxonomy reflecting the amendments to disclosure requirements was published for public comment on 28 November 2022.

The deadline for submitting comments is 28 December 2022.

IASB® Update January 2023

The IASB met on 25 January 2023 and considered: 

  • feedback on the Proposed IFRS Taxonomy Update for
    • Lease Liability in a Sale and Leaseback, which amended IFRS 16 Leases; and 
    • Non-current Liabilities with Covenants, which amended IAS 1 Presentation of Financial Statements.
  • the next steps to finalise the IFRS Taxonomy Update. 

The IASB was not asked to make any decisions.

Next milestone

Proposed IFRS Taxonomy Update Feedback