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IFRS Taxonomy Update—2018 General Improvements [ED]

Comment period ends on February 4, 2019

Next steps:

The IASB will issue the Final Update in March 2019

Last updated:

March 2019


The IFRS Taxonomy team is currently reviewing a number of improvements to the IFRS Taxonomy 2018 to support consistent tagging. These include:

  • addition of implementation notes for certain element types;
  • use of the duration item type;
  • deletion of entry points that do not include documentation labels; and
  • creation of a new presentation group that lists all available axes and their default members.


Other Developments

March 2019

On March 14, 2019, the IASB® staff updated the work plan to indicate that the Board will issue the Final Update in March 2019.

January 2019

On January 25, 2019, the IASB® staff updated the work plan to indicate that the Board expects to review the Exposure Draft feedback in February 2019.

December 2018

On December 14, 2018, the IASB® staff updated the work plan to indicate that the Board will review the Exposure Draft feedback (no date specified).

On December 6, 2018, the IFRS Foundation published IFRS Taxonomy 2018 — Proposed Update 2 General Improvements. Comments are requested by February 4, 2019. The proposed changes aim to improve the quality of tagged data and to make the IFRS Taxonomy easier to use by: (i) introducing implementation notes that explain how to use specific IFRS Taxonomy elements and avoid tagging errors; (ii) introducing the duration element type for reporting information about a period of time to achieve more consistent tagging; and (iii) removing entry points without documentation labels to make it easier to access the IFRS Taxonomy.

October 2018 

On October 26, 2018, the staff of the IASB updated the Board’s work plan to note that an Exposure Draft of the proposed 2018 General Improvements to the IFRS Taxonomy is currently expected to be issued for comment in December 2018.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.