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IASB Amendments to IFRS for SMEs Accounting Standard in Relation to Pillar 2

02 October 2023

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Approved Changes

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International Accounting Standards Board-OECD

On 29 September 2023, the International Financial Reporting Standards (IFRS) Foundation announced that the International Accounting Standards Board (IASB) has amended the IFRS for SMEs Accounting Standard in relation to the Pillar 2 global minimum tax. --- IASB amends the IFRS for SMEs Accounting Standard related to international tax reform The International Accounting Standards Board (IASB) has today issued amendments to the IFRS for SMEs Accounting Standard—the Standard for companies that do not have public accountability. The amendments to the IFRS for SMEs Accounting Standard are based on the amendments to IAS 12 Income Taxes issued in May 2023. These...