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 Proposed Taxonomy Update 1 to the IFRS Taxonomy 2015 published for public comment

17 June 2015

The IFRS Foundation published today for public comment the Proposed Update 1 to the IFRS Taxonomy.

IFRS Taxonomy update contains additional taxonomy concepts that reflect new Standards and amendments to Standards issued by the IASB, thereby allowing entities wishing to report electronically using the latest Standards to do so without the need for these entities to create their own taxonomy concepts. They may also contain technical updates, new common practice elements or general taxonomy improvements. 

The Proposed Taxonomy Update 1 incorporates the IFRS Taxonomy elements for:

  • 2015 Amendments to the IFRS for SMEs

For XBRL files, the IFRS Taxonomy Illustrated, versioning reports, element definitions in Excel and other supporting materials, click here.

Comment letter deadline


The Proposed update comment period ends on 17 August 2015.

All comment letters should be submitted via the online upload page below. Please refrain from sending comment letters to IASB or IFRS Foundation individuals, because this risks duplication and may cause delays in the posting of letters onto the website. Board and staff members have access to all comment letters submitted via the online upload page. You must be a registered eIFRS user to submit a comment letter. Registration is free, and you can register here (registration is free).

Submit a comment letter.

Please note: when submitting a comment letter or when communicating with the IFRS Foundation, the IASB or any of its constituent bodies, you acknowledge and accept the IFRS Foundation Written Communication policy which details how we use and process your data.

View the comment letters for the Proposed update to the IFRS Taxonomy 2015 Amendments to the IFRS for SMEs


IFRS Taxonomy-2015 Amendments to the IFRS for SMEs  [PDF]


Taxonomy files

The IFRS Taxonomy Illustrated

Versioning Information

Contact us

IFRS Taxonomy Team