On 5 March 2021, the German Federal Council (upper house of parliament - Bundesrat) approved the so-called Third Corona Tax Aid Act, which expands and extends the support measures introduced in 2020 in response to the COVID-19 pandemic. One of the key measures is a further increase in loss carryback relief. Previously increased from a maximum of EUR 1 million or EUR 2 million in the case of a joint assessment to EUR 5 million or EUR 10 million for losses incurred in 2020 and 2021, the maximum…