Belarus enacts two new IFRS documents
<p> MINSK, Dec 15 - PrimePress. Belarus has enacted two new documents of the International Financial Reporting Standards (IFRS) as technical regulations: Covid-19-Related Rent Concessions (Amendment to IFRS 16 Leases) and Extension of the Temporary Exemption from Applying IFRS 9 (Amendment to IFRS 4), as per joint resolution No.702/23 of the government and the National Bank of Belarus of December 7, 2020 posted on the National Legal Internet Portal on December 15, 2020. </p> <p> </p> <p> Also, the resolution provides for the postponement of the entry into force of Classification of Liabilities as Current or Non-current — Deferral of Effective Date (Amendment to IAS 1) from January 1, 2022 to January 1, 2023. </p> <p> </p> <p> The resolution came into effect upon its official publication. End </p> <p> </p>
2020-12-16
Primepress
MINSK, Dec 15 - PrimePress. Belarus has enacted two new documents of the International Financial Reporting Standards (IFRS) as technical regulations: Covid-19-Related Rent Concessions (Amendment to IFRS 16 Leases) and Extension of the Temporary Exemption from Applying IFRS 9 (Amendment to IFRS 4), as per joint resolution No.702/23 of the government and the National Bank of Belarus of December 7, 2020 posted on the National Legal Internet Portal on December 15, 2020.
Also, the resolution provides for the postponement of the entry into force of Classification of Liabilities as Current or Non-current — Deferral of Effective Date (Amendment to IAS 1) from January 1, 2022 to January 1, 2023.
The resolution came into effect upon its official publication. End