Narrow-scope amendments to IFRS 16 to take account of COVID-19
Keywords: Mazars, Thailand, IFRS, COVID-19, IASB, IFRS 16, Rent Concession
25 June 2020
The IASB is proposing to amend IFRS 16 to permit lessees (but not lessors) to apply a practical expedient that would exempt them from assessing whether a COVID-19-related rent concession constitutes a lease liability. So that the amendments can be published as quickly as possible, the comment period is just 14 days. Comments had thus to be submitted by 8 May 2020.