IFRS Interpretations Committee issues two final Agenda Decisions

At the October 2021 IASB meeting, the board did not object two the finalising of two agenda decisions from the IFRS Interpretations Committee. The agenda decisions are as follows (follow hyperlink to BDO FAQs containing the agenda decisions):

• IFRIC Agenda Decision - Non-refundable Value Added Tax on Lease Payments
• IFRIC Agenda Decision – Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition

While the Committee did not conclude on the matters raised in the submissions, BDO has previously issued published guidance on both questions:

• IFRS 16 In Practice: Example 18 – Non-refundable Value-added taxes (VAT)
• IFRS In Practice - Accounting for Convertible Notes: Section 8.8.2