IFRS Interpretations Committee meeting — 9 May 2018

Start date:

End date:

Location: Video Conference Call

IFRS IC meeting (blue)


The IFRS Interpretations Committee met via Video Conference Call on Wednesday 9 May 2018.

The Committee discussed two issues.

The accounting when an entity makes a voluntary payment to a tax authority in relation to a disputed amount was discussed initially in March. The paper includes a discussion on how the staff thinks the IAS 8 hierarchy should be applied when there is conflict between a definition in the new Conceptual Framework and a definition in IFRS Standards (and in the version of the Framework it is replacing). That matter will be taken back to the IASB.

The new issue relates to the Venezuelan Bolivar and its lack of exchangeability. This was a preliminary discussion on how, or whether, the Committee should respond. It will come back to the next meeting.

The staff also discussed work in progress.


Agenda for the meeting


WEDNESDAY, 9 May 2018

Afternoon session (12:05-13:40)

  • Opening remarks, administrative matters, and meeting minutes of the March 2018 meeting
  • Items for continuing consideration:
    • IAS 37 — Payments relating to taxes other than income tax
  • New issue:
    • IAS 21 — Foreign exchange restrictions
  • Administrative session:
    • Work in progress

Agenda papers for this meeting are available on the IASB's website.

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