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IASB proposes extending the practical relief regarding COVID-19-related rent concessions

IASB proposes extending the practical relief regarding COVID-19-related rent concessions

11 February 2021
The International Accounting Standards Board (IASB) has published an exposure draft 'Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed amendment to IFRS 16)' that contains a proposed extension of the May 2020 amendment that provides lessees with an exemption from assessing whether a COVID-19-related rent concession is a lease modification. Comments are requested by 25 February 2021.