IFRS news | 6 July 2016
IASB introduces amendments to IFRS 2 related to the classification and measurement of share‑based payment transactions
This edition outlines the recent amendments to IFRS 2 Share‑based Payment.
The amendments relate to the following areas:
- The accounting for the effects of vesting conditions on cash‑settled share‑based payment transactions;
- The classification of share‑based payment transactions with net settlement features for withholding tax obligations; and
- The accounting for modifications to the terms and conditions of a share‑based payment that changes the transaction from cash‑settled to equity‑settled.
The amendments are effective for annual reporting periods beginning on or after 1 January 2018 with earlier application permitted. Specific transitional provisions apply.