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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.


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