Pre-meeting summary for the April 2023 IASB supplementary meeting
10 Apr 2023
The IASB will hold a supplementary meeting on 11 April 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 January 2023, the IASB published the Exposure Draft International Tax Reform—Pillar Two Model Rules, which proposed amendments to IAS 12 Income Taxes. The comment period ended on 10 March 2023. The purpose of this meeting is for the IASB to consider the feedback on the Exposure Draft and decide on how to proceed with the proposals. The staff are recommending that the IASB finalise an amended version of the proposals. The amendments would be effective immediately and would need to be applied retrospectively. However, the amendments would not apply to any interim financial statements within 2023. If the IASB supports the recommendations the staff expect that the amendments will be published in May 2023.
Our pre-meeting summary is available on the April supplementary meeting notes page and will be supplemented with our popular meeting notes after the meeting.
