The German government has reportedly approved an additional relief package for COVID-19 that will expand and extend the relief package approved in June 2020. 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, it is now proposed to increase the maximum carryback amount to EUR 10 million or 20 millio…