The IASB held a supplementary meeting in London on 11 April 2023. The following topic was discussed:

International Tax Reform—Pillar Two Model Rules: In January 2023, the IASB published the Exposure Draft  (ED) International Tax Reform—Pillar Two Model Rules, which proposed amendments to IAS 12. The comment period ended on 10 March 2023. The purpose of this meeting was for the IASB to consider the feedback on the ED and decide on how to proceed with the proposals. The IASB decided to finalise an amended version of the proposals. The amendments will be effective immediately and will need to be applied retrospectively. However, the amendments do not apply to any interim financial periods ending in 2023. The staff expect that the amendments will be published in May 2023.