Form 770/2020 for the 2019 tax year
By October 31, 2020, each withholding agent must electronically file Form 770/2020 for the 2019 tax year. Since October 31 falls on a Saturday this year, the deadline is extended to the next business day, which is November 2.
Among the main changes in Form 770/2020 are:
The addition of a new line regarding “Information on the nonresident intermediary in the ST section,” in cases where the nonresident intermediary has appointed a tax representative in Italy who acts as a withholding agent.
Changes have been made to the instructions for Section SK to simplify the reporting of data when taxing profits earned in different years.
We ask that you send us the following by Friday, September 25, 2020:
a legible copy of the F24 payment receipts for 2019, including those for payments made in January, February, and March 2020;
F24 forms for taxes relating to the year 2019, which were the subject of voluntary corrections during the year;
If applicable, the forms completed by your accountant/tax advisor regarding: capital gains, redemption, life insurance, prize winnings, atypical securities, and/or profits.
Finally, we ask that you report any changes that have occurred and been reported to the Company (headquarters, legal representative, extraordinary corporate transactions that have taken place or will take place by the filing date of the return) so that we may correctly complete the cover page as well as the relevant sections; For those who have had dealings with self-employed recipients, we also ask that you let us know whether you are submitting a single filing or separate filings (in which case, please provide us with the tax ID number of the withholding agent submitting the remaining portion of the return).
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