IFRS Developments issue 168 IASB issues ED on COVID-19 related rent concessions

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24 Apr 2020 PDF
Categories Leases

The IASB’s ED proposes an amendment to IFRS 16 Leases for rent concessions granted by lessors to lessees due to the COVID-19 pandemic.

The IASB’s objective in proposing the amendment to IFRS 16 is to provide lessees with practical relief during the COVID-19 pandemic, while still providing useful information about leases to users of the financial statements.

Due to the urgent need to provide relief to lessees, the ED has been issued with a 14-day comment period. Comments are due by 8 May 2020.