The Japanese government is finalizing plans for tax measures for 2021-22 including relief measures to offset the negative impact of the COVID-19 pandemic. For companies, one of the main measures provides further loss relief. Previously, the government introduced loss carryback relief, providing that companies with capital between JPY 100 million and 1 billion are allowed to carry back net operating losses incurred between 1 February 2020 and 1 April 2022, with the possibility of a refund (nor…