Post-implementation Review of IFRS 16 Leases

The IASB met on 23 June 2026 to discuss how to respond to stakeholder feedback on the Request for Information Post-implementation Review of IFRS 16 Leases (RFI). The IASB discussed feedback on:

• the effects of applying IFRS 16 with other IFRS Accounting Standards; and
• other matters relevant to assessing the effects of IFRS 16.

Effects of applying IFRS 16 with other IFRS Accounting Standards (Agenda Paper 7A)

The IASB tentatively decided:

1. to add to its project pipeline a narrow-scope project to clarify how a lessee applies the requirements in IFRS 16 and IFRS 9 Financial Instruments to account for a rent concession (in which the only change to the lease contract is the lessor’s forgiveness of lease payments due from the lessee under that contract).
   
   Twelve of 13 IASB members agreed with this decision.
   
   
2. to undertake this narrow-scope project together with the research project on cost-reduction measures that the IASB tentatively decided in March 2026 to undertake in response to stakeholders’ feedback on the RFI.
   
   Twelve of 13 IASB members agreed with this decision.

Stakeholders commented on the effects of applying the requirements in IFRS 16 and IFRS 10 Consolidated Financial Statements to account for the sale and leaseback of an asset in a single-asset entity. In response to stakeholder feedback, the IASB tentatively decided:

1. to consider the priority of this matter together with other corporate wrapper matters in its next agenda consultation; and
2. to remove the matter Sale and Leaseback of an Asset in a Single-asset Entity from the maintenance project pipeline.

All 13 IASB members agreed with this decision.

The IASB tentatively decided to take no action in response to stakeholder feedback on the effects of applying IFRS 16 with:

1. IFRS 15 Revenue from Contracts with Customers to assess whether the transfer of an asset in a sale and leaseback transaction is a sale.
   
   All 13 IASB members agreed with this decision.
   
   
2. IFRS 15 to recognise a gain or loss in a sale and leaseback transaction.
   
   Seven of 13 IASB members agreed with this decision.
   
   
3. IAS 38 Intangible Assets to identify leases.
   
   All 13 IASB members agreed with this decision.
   
   
4. other IFRS Accounting Standards raised by only a few stakeholders in response to Question 6.4 in the RFI.
   
   All 13 IASB members agreed with this decision.

Other matters relevant to the assessment of the effects of IFRS 16 (Agenda Paper 7B)

The IASB tentatively decided to take no action in response to stakeholder feedback on the effects of:

1. applying the requirements in IFRS 16 for lessors;
2. applying the requirements in IFRS 16 for identifying a lease; and
3. other matters raised by only a few stakeholders in response to Question 6.4 in the RFI.

All 13 IASB members agreed with these decisions.