Our publications IFRS 16 - Prepare for lease accounting changes
The new IFRS 16: Leases standard has been issued by the IASB. The core principle of the new standard is that lessees should recognise all leases on their balance sheet.
Certain amendments have been made to the Value Added Tax Act. These amendments are effective from 23 January 2015. BURS would expect anyone affected by the stated change to take appropriate steps with immediate effect.
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