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Accounting Standards Committee Approves Amendments to IFRS 16 "Leases" in response to the impact of

Accounting Standards Committee Approves Amendments to IFRS 16 "Leases" in response to the impact of Covid-19 on Tenants

Accounting Standards Committee Approves Amendments to IFRS 16

SOCPA approves the amendment made by IASB to IFSR No. 16 "Leases", which gives tenants an option to deal with the rent reductions granted to them due to the impact of Covid-19, especially the standard is in its early stages of application.

These amendments can be viewed by clicking here.

Last Update On: 04 Aug 2021