Pre-meeting summaries for the May 2023 IASB supplementary meeting

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28 Apr, 2023

The IASB will meet in London from 3 May 2023. We have posted our pre-meeting summary for the meeting that allow you to follow the IASB’s decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

The following topic is on the agenda:

International Tax Reform—Pillar Two Model Rules: In this meeting, the IASB will consider an amendment to the IFRS for SMEs Accounting Standard resulting from the upcoming amendment to IAS 12 titled International Tax Reform—Pillar Two Model Rules. The staff recommend amending Section 29 Income Tax of the IFRS for SMEs Accounting Standard with consequential amendments to Section 35 Transition to the IFRS for SMEs. The staff also recommend asking approval from the IFRS Foundation Due Process Oversight Committee for a shortened comment period of 45 days.

Our pre-meeting summary is available on the May supplementary meeting notes page and will be supplemented with our popular meeting notes after the meeting.

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