Through the Third Corona Tax Relief Act, the following measures have been adopted:

1. In the catering industry, the reduced VAT rate of 7% applies to the supply of food (not drinks) until 30.06.2021; this regulation is extended until 31.12.2022.
2. For each child entitled to child benefit in 2021, a one-off amount of 150 euros will be paid in addition to the child benefit. The payment is to be made regularly in May 2021.
3. The limits for the possible loss carryback are doubled to 10 million euros (in the case of joint assessment to 20 million euros).

Even before assessment for income tax in 2020, an emerging loss could be carried back to 2019 as a lump sum by applying a lump sum of 30% of the total amount of income in 2019 as a loss from 2020 in the 2019 tax calculation, resulting in a refund (cf. Section 111 EStG for details).

This lump-sum loss carryback now also applies to the year 2021.