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The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.

Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
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IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.

IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. The IASB is supported by technical staff and a range of advisory bodies.
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IFRS Sustainability Disclosure Standards are developed by the International Sustainability Standards Board (ISSB). The ISSB is an independent standard-setting body within the IFRS Foundation.

IFRS Sustainability Disclosure Standards are developed to enhance investor-company dialogue so that investors receive decision-useful, globally comparable sustainability-related disclosures that meet their information needs. The ISSB is supported by technical staff and a range of advisory bodies.
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About the IFRS Foundation

About us How we set IFRS Standards Post-implementation Reviews How we support the application of our Standards Annual reports

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IFRS Foundation Trustees IFRS Foundation advisory groups Our structure Due process Funding

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International Accounting Standards Board IFRS Interpretations Committee Consultative bodies Connectivity Around the world News Meeting and events calendar Updates and podcasts

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IFRS Accounting Standards IFRS for SMEs Accounting Standard Management Commentary Digital financial reporting IFRS translations Integrated reporting

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IFRS SUSTAINABILITY

IFRS Sustainability

International Sustainability Standards Board Consultative bodies Connectivity Around the world News Meeting and events calendar Updates and podcasts

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Non-refundable Value Added Tax on Lease Payments IFRS 16

Non-refundable Value Added Tax on Lease Payments (IFRS 16)

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Final stage

At its September 2021 meeting, the IFRS Interpretations Committee decided to finalise the agenda decision. In accordance with paragraph 8.7 of the IFRS Foundation’s Due Process Handbook the Board, at its October 2021 meeting, did not object to this agenda decision.

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International Accounting Standards Board October 2021

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