Audit & Assurance

Article

IFRS 16 Leases – Implementation considerations in a Belgian context

Focus on car and real estate leases

Common interpretation and implementation challenges observed on the Belgian market in the (initial) application of IFRS 16

As of 1 January 2019, the new lease standard IFRS 16 requires to account for almost all leases on balance sheet of the lessee. In its article, we share some common interpretation and implementation challenges observed on the Belgian market in the (initial) application of IFRS 16.