Global Standards for the world economy

Tuesday 18 December 2018

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IFRIC 21 Levies: Levies raised on production property, plant and equipment


 Issue rejected (Agenda decision)

IFRIC 21 Levies: Levies raised on production property, plant and equipment

The Interpretations Committee received two requests for clarification about IFRIC 21. IFRIC 21 is an Interpretation of IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The submitters requested clarification on how to account for the costs arising from a levy that is raised on production property, plant and equipment (PPE).

Project stages

Deliberations

Completed: January 2015