IFRIC 21 Levies: Helpful external resources

In May 2013, the International Accounting Standards Board (IASB) published a new Interpretation, IFRIC 21 Levies. See a list of helpful resources identified by CPA Canada that offer additional guidance on how to apply this interpretation.

The IASB’s new interpretation, IFRIC 21 Levies, provides guidance on when to recognize a liability for a levy imposed by a government for both of the following:

  • levies that are accounted for in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  • those where the timing and amount of the levy is certain

We have compiled an inventory of external resources to help you understand and apply IFRIC 21 Levies. These resources were created by external organizations and were not reviewed, developed or approved by CPA Canada. CPA Canada accepts no responsibility or liability that might occur directly or indirectly as a consequence of the use, application or reliance on these resources.

Additional resources

CPA Canada has identified a number of additional resources, which may assist you in applying IFRIC 21 by highlighting the requirements of the interpretation, as well as possible implications.


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