Application of IFRS 18: presentation of non-income taxes
17 December 2025
At its October 2025 meeting, the IASB looked at an application issue relating to IFRS 18 – Presentation and Disclosure in Financial Statements (which is mandatory for financial periods commencing on or after 1 January 2027)
The question was whether an entity applying IFRS 18 is permitted to present, in the “income tax expense or income” line item of the statement of profit or loss, taxes or other charges that do not fall within the scope of IAS 12. The IASB decided to ask the IFRS Interpretations Committee (IFRS IC) to consider this matter.
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