Forvis Mazars Taiwan Technical update - October 2025

Taiwan will adopt IFRS 18 starting in fiscal year 2028, replacing IAS 1 and introducing a standardized income statement structure, stricter disclosure of management performance measures, and enhanced transparency across financial reports. Although recognition and measurement remain unchanged, the new presentation and disclosure rules will require updates to reporting systems, internal controls, and audit processes. This article highlights the key changes, implementation challenges, and how companies can prepare ahead of time.