The IFRS Accounting Taxonomy 2025 reflects the presentation and disclosure requirements of the IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) at 1 January 2025 and Practice Statement 1 Management Commentary as issued by the IASB in December 2010.
The IFRS Accounting Taxonomy 2025 includes changes to the IFRS Accounting Taxonomy 2024 to reflect new or amended presentation and disclosure requirements arising from:
- IFRS 18 Presentation and Disclosure in Financial Statements, issued by the IASB in April 2024;
- IFRS 19 Subsidiaries without Public Accountability: Disclosures, issued by the IASB in May 2024;
- Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7), issued by the IASB in May 2024;
- Annual Improvements to the IFRS Accounting Standards—Volume 11, issued by the IASB in July 2024; and
- Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7), issued by the IASB in December 2024.
The IFRS Accounting Taxonomy 2025 package includes a formula that provides a validation check for the reconciliation of an IFRS-defined sub-total to the related management-defined performance measure. Preparers are encouraged to use this formula as part of their tagging process.
The IFRS for SMEs Accounting Taxonomy entry point was removed from the annual IFRS Accounting Taxonomy package, and will be updated periodically as a separate taxonomy package in accordance with the IFRS for SMEs Accounting Standard’s update cycle. Access the latest IFRS for SMEs Accounting Taxonomy entry point in the IFRS Accounting Taxonomy 2024 package.
The IFRS Accounting Taxonomy 2025 was published on 27 March 2025.
Below you will find information related to the annual IFRS Accounting Taxonomy. Access additional resources related to the IFRS Accounting Taxonomy.
| Name and description of entry point |
|---|
| Full IFRS Accounting Standards Entry Point—to view the IFRS Accounting Taxonomy for the application of IAS 1 Presentation of Financial Statements. |
| Early Application of IFRS 18 Entry Point—to view the IFRS Accounting Taxonomy for the early application of IFRS 18 Presentation and Disclosure in Financial Statements. |
| Management Commentary Entry Point—to view the IFRS Accounting Taxonomy for IFRS Practice Statement 1 Management Commentary reporting. |
| Full IFRS Accounting Standards Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for the application of IAS 1 Presentation of Financial Statements. |
| Early Application of IFRS 18 Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for the early application of IFRS 18 Presentation and Disclosure in Financial Statements. |
| Management Commentary Essential Entry Point—to use as a base from which to build extensions to the IFRS Accounting Taxonomy for IFRS Practice Statement 1 Management Commentary reporting. |
| IFRS 18 MPM reconciliation formula—to check the arithmetic of MPM reconciliation disclosures under IFRS 18. Checks that any management performance measure disclosed equals the relevant IFRS total or subtotal value plus the itemised adjustments. |
The following versioning reports are available, reflecting:
- The changes between the full IFRS Accounting Taxonomy 2024 and the full IFRS Accounting Taxonomy 2025 for the application of IAS 1 Presentation of Financial Statements.
- The changes between the full IFRS Accounting Taxonomy 2024 and the full IFRS Accounting Taxonomy 2025 for the early application of IFRS 18 Presentation and Disclosure in Financial Statements.
