Form 770/2020 for the 2019 tax period

By October 31, 2020, each tax withholding agent must electronically submit Form 770/2020 pertaining to the 2019 tax year. This year, the deadline of October 31 falls on a Saturday, thus the extension applies to the next business day, November 2.

Key new features of Form 770/2020 include:

• The inclusion of a new line item concerning "Data related to the non-resident intermediary in section ST", for cases where the non-resident intermediary has appointed a tax representative in Italy acting as a tax withholding agent.

• Amendments to the instructions for section SK to simplify data presentation in cases of taxation of profits accrued in different years.

We request that you provide us with the following by Friday, September 25, 2020:

• Legible copies of the F24 payment receipts for 2019, including receipts for payments made in January, February, and March 2020;

• F24 payment receipts pertaining to taxes for the year 2019 that were subject to voluntary regularization during the year;

• Optionally, the sections completed by your accountant/tax advisor regarding: capital income, redemption, life insurance, prize winnings, atypical securities, and/or profits.

Finally, we request that you report any changes concerning the Company (registered office, legal representative, extraordinary corporate transactions that have occurred or will occur by the declaration submission date) to ensure the accurate completion of the cover page and the relevant sections; for those who have engaged with self-employed recipients, we also ask you to inform us whether a single submission is being made, or separate submissions (in which case, you must provide us with the tax code of the withholding agent submitting the remaining part of the declaration).

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