Form 770/2021 tax period 2020
- Studio Piceci
- September 6, 2021
- Reading time: 2 min
By October 31, 2021, each withholding agent must electronically submit Form 770/2021 for the 2020 tax year.
This year, the date set is October 31, which falls on a Sunday, so the deadline is postponed to November 2, the first non-holiday day after that.
Among the main changes in Form 770/2021, the following are noteworthy:
In sections ST and SV of form 770, there is a specific section entitled "COVID Suspension," which must be completed with the appropriate codes to be entered in the "Note" (field 15) and "Suspended Amount" (field 16) fields, in order to indicate the amounts suspended as a result of the health emergency. Please note that these fields must be completed in order to report any withholding tax payments that were not initially made and/or not paid due to the suspensions introduced in 2020 by the legislator as part of the economic support measures for businesses and workers in order to deal with the Covid-19 epidemiological emergency.
Special fields have been added to the left-hand table in order to show the amounts relating to the new legislation introduced in 2020, highlighting the credit due to the withholding agent for the payment of the bonus referred to in Decree Law No. 18/2020 for employees who, having worked in person in March 2020 and not taken advantage of remote working during the prescribed period, were entitled to it (field SX1 point 6), as well as the supplementary treatment referred to in Decree Law No. 3/2020 introduced to replace the so-called IRPEF bonus (for which field SX49 has been introduced).
We kindly request that you send us by Friday, September 24, 2021, if you have not already done so.
already taken care of:
legible copy of the F24 receipts for 2020, including receipts for payments made in January, February, and March 2021;