IFRS 16 was published with effect on January 1, 2019. This rule requires an accounting treatment according to which lessees recognize all leases on the balance sheet, a liability per lease (except for short-term and lease contracts of reduced value assets), in order to reflect the right to use the asset for a period of time, with no appreciable change in the accounting performed by the lessor.

Basically, the main change made by IFRS 16, compared to IAS 17, which has since been revoked, consists of classifying and recognizing leases in the lessees' financial statements, eliminating the previous accounting treatment distinction between operating leases and financial leases and replacing them by a single recognition model.

The accounting treatment provided for in IFRS 16 is applied only by national companies that, by legal imposition or by option, are applying international accounting standards. Therefore, companies that adopt, for accounting purposes, the NCRF - Accounting Standards for Financial Reporting, do not apply IFRS 16.

In Circular No. 7/2020, of August 13, the Tax and Customs Authority (AT) clarifies and establishes an understanding of the tax implications of IFRS 16, under the Corporate tax (IRC).