News April 2020 IASB Exposure Draft on Covid-19-Related Rent Concessions

IASB Exposure Draft on Covid-19-Related Rent Concessions

24 April 2020
IASB published today (24 April 2020) Exposure Draft ED/2020/2 Covid-19-Related Rent Concessions: https://www.ifrs.org/projects/work-plan/ifrs-16-and-covid-19/
 
The exposure draft proposes relief from assessing whether Covid-19 related rent concessions are lease modifications, and proposes that lessees account for Covid-19 related rent concessions as if they are not lease modifications.  The 14-day comment period deadline closes on 8 May 2020.
 

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