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Current stage

At its May 2026 meeting, the IASB:

  1. deferred a decision on whether it objects to the Agenda Decision; and
  2. decided to explore amending IFRS 18 to require or allow an entity to classify in the income taxes category of the statement of profit or loss non-income tax charges that meet the definition of ‘covered taxes’ under the Organisation for Economic Co-operation and Development’s Pillar Two model rules.

Next milestone

Decide Project Direction