Tax accounting considerations of IFRS 16

On 13 January 2016, IFRS 16 - the new standard for leases - was issued by the International Accounting Standards Board (IASB). This new guidance will be effective for annual reporting periods beginning on or after 1 January 2019, with early adoption permitted under certain circumstances. The standard will have a significant impact on the financial statements for lessees, also from a tax accounting perspective. We therefore prepared a comprehensive two-pager with the key takeaways of the tax accounting impact of this new standard.