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IFRS 16 Leases: IFRS vs Luxembourg GAAP

IFRS 16 Leases: IFRS vs Luxembourg GAAP



Stephan Lego-Deiber

Engagement Partner, IFRS Leader

KPMG in Luxembourg


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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.

© 2020 KPMG Luxembourg, Société coopérative, a Luxembourg entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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