On 17 March 2021, the German Ministry of Finance issued a release confirming the third law for the implementation of tax aid measures to cope with the COVID-19 crisis (the so-called "Third Corona Tax Aid Act"). As previously reported, this includes the extension of the reduced 7% VAT rate for restaurants and catering services to 31 December 2022 (with the exception of serving beverages), and the expansion of loss carryback relief to both 2020 and 2021 with the maximum carryback increased to …