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Thursday 22 October 2020

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IFRS Taxonomy 2016


The IFRS Foundation publishes the IFRS Taxonomy 2016

 31 March 2016

The IFRS Foundation has today published the IFRS Taxonomy 2016, which is consistent with IFRS® Standards as issued by the International Accounting Standards Board at 13 January 2016, including Standards published but not yet effective at that date.

The IFRS Taxonomy is a representation of IFRS Standards in eXtensible Business Reporting Language (XBRL) and is the IFRS Foundation's initiative to enable electronic transfer of the information in IFRS financial statements. 

The IFRS Taxonomy 2016 incorporates the Taxonomy Update 1 and Taxonomy Update 2 published in December 2015.

These updates relate to the 2015 Amendments to the IFRS for SMEs® Standard and common practice, respectively. The Proposed Taxonomy Update 3, relating to IFRS 16 Leases, was published in January 2016, and the final changes have been incorporated directly within the IFRS Taxonomy 2016.

To access the new IFRS Taxonomy 2016 and its supporting materials, please click here . These have been specifically developed to aid understanding and use of the IFRS Taxonomy.

Webinar session

The IFRS Taxonomy Team held a webinar session on Wednesday 13 April to answer questions about the IFRS Taxonomy 2016.

Listen to the webinar and view the slides

Further information

  • For all files and further details about the IFRS Taxonomy 2016, click here