Our practical view

What the development means

  • Classification and measurement amendments affect IFRS 9 and related IFRS 7 disclosures.
  • Annual Improvements—Volume 11 amend IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7.
  • Nature-dependent electricity amendments address relevant contracts and disclosure requirements.

Recommended actions

What UAE businesses should do now

  • Complete an applicability assessment before the 2026 year-end process.
  • Update accounting policies, financial instrument documentation and disclosure checklists.
  • Quantify transition effects and involve the auditor before closing material judgements.
  • Include entity-specific disclosures rather than generic statements of compliance.
Read the complete official publication

Always refer to the full source text and its effective-date and transitional provisions.

IFRS Foundation—changes in the 2026 required standards

This article provides general information and does not constitute tax advice. Eligibility and treatment should be assessed against the enacted legislation and the facts of each case.