Deloitte comment letter on the IASB's proposed amendments to IFRS 16 related to COVID-19

Published on: 08 May, 2020

We have commented on IASB Exposure Draft (ED) 2020/2 Covid-19-Related Rent Concessions which was published by the IASB on 24 April 2020. The ED contains a proposed amendment that would provide lessees with an exemption from assessing whether a COVID-19-related rent concession is a lease modification.

We encourage the IASB to:

  • finalise the proposals providing relief to lessees as soon as possible;
  • extend the relief to any reductions in lease payments agreed on or before 30 June 2021; and
  • separately reconsider the need to provide lessors similar relief.

Please click to download our full comment letter below.

Download

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.