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IASB tentatively decides on effective date of IFRS 16

  • IASB (International Accounting Standards Board) Image

Oct 20, 2015

The IASB has voted on the effective date of IFRS 16, its new standard on leases.

As rec­om­mended by its staff, the IASB tentatively decided that IFRS 16 would become effective on  January 1, 2019. Early ap­pli­ca­tion would be per­mit­ted but only if the entity is also ap­ply­ing IFRS 15, Revenue From Con­tracts With Cus­tomers.

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