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The March 2021 IFRIC Update is now available.

The IFRS Interpretations Committee met on 16 March 2021 and discussed:

Committee’s tentative agenda decisions

  • Non-refundable Value Added Tax on Lease Payments (IFRS 16 Leases)
  • Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32 Financial Instruments: Presentation)

Committee’s agenda decisions

  • Configuration or Customisation Costs in a Cloud Computing Arrangement (IAS 38 Intangible Assets)