COVID-19

The emergence and spread of the coronavirus in early 2020 has affected business and economic activity globally. Entities should consider the accounting implications of these developments.

In the spotlight

In the spotlight

IFRS 16 COVID-19 Related Rent Concessions Amendment

As a result of the coronavirus (COVID-19) pandemic, rent concessions have been granted to lessees. Such concessions might take a variety of forms, including payment holidays and deferral of lease payments. On 28 May 2020, the IASB published an amendment to IFRS 16 that provides an optional practical expedient for lessees from assessing whether a rent concession related to COVID-19 is a lease modification.

In summary...

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GX In depth INT2020-05

19 June 2020 | Updated 24 May 2021

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View our latest COVID-19 FAQs

View our latest COVID-19 FAQs

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Helpful links

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SME contact

Jessika Vinque

Jessika Vinque

Senior Manager

PwC

Email

Jessika Vinque

Senior Manager
PwC


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