IFRS 16 Leases: IFRS vs Luxembourg GAAP

IFRS 16 Leases: IFRS vs Luxembourg GAAP



Stephan Lego-Deiber

Partner, IFRS Leader

KPMG in Luxembourg


IFRS 16 applies to annual reporting periods beginning on or after 1 January 2019. It fulfills the International Accounting Standards Board’s (IASB) long-standing goal of bringing all significant leases on-balance sheet for lessees.

This publication aims to help you understand the significant differences between IFRS 16 Leases and Lux GAAP, which applies to entities subject to the Law of 19 December 2002 as amended.

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