The OIC publishes for consultation some proposed amendments to accounting standards following requests for clarification received.

The main proposed changes affect:

OIC 13 Inventories, OIC 16 Tangible Assets and OIC 24 Intangible Assets on the subject of accounting for purchases with an option to resell. It is proposed to specify that the purchased asset is recognized in the financial statements only if the purchasing company is reasonably certain that the resale option will not be exercised, this applies both when the option is held by the buyer and when it is held by the seller. In other cases, the asset remains on the seller’s balance sheet;
OIC 21 Equity Investments on the subject of accounting for charges incidental to the purchase of an equity investment. It is proposed to amend paragraph 6 of OIC 21 to specify that capitalization of incidental charges is not optional;

OIC 24 Intangible Assets on the subject of amortization of intangible assets parameterized to revenues. It is proposed to amend paragraph 63 of OIC 24 to clarify that the use of revenues as a criterion for estimating the amortization rate of fixed assets that are most exploited in the first part of their useful life is possible only if: the declining balance method of amortization is used and revenues represent an approximation of the exploitation of the intangible asset itself and this can be demonstrated;
OIC 25 Income Taxes on the subject of accounting for the substitute tax to be paid for the franking of tax-suspended reserves. It is proposed to specify that the substitute tax is recognized against the equity reserve to be franked;
OIC 16 Tangible Assets and OIC 31 Provisions for Risks and Charges on the subject of discounting provisions for charges. It is proposed to classify the effects arising from the passage of time and rate revision, if material, in an ad hoc item in class C of the income statement.

Please send comments by July 31, 2025 to staffoic@fondazioneoic.eu.

The paper and press release are attached.