The Official Gazette of March 17 published the Third Corona Tax Aid Act, which implemented further tax relief measures due to the coronavirus pandemic. The law contains measures: 1) Further extension of the temporary VAT rate of 7 percent for restaurant and catering services until December 31, 2022; and 2) Increase the tax loss carryforward to a maximum of 10 million euros (11.9 million US dollars) for 2020 and 2021 with a maximum of 20 million euros (23.8 US dollars) for joint assessments. The law comes into force on January 1, 2022. [Germany, Official Gazette, 03/17/21]
See Law of March 10, 21, Official Gazette Part I No. 10/2021.