Form 770/2021 for the 2020 tax year
- September 7, 2021
- Reading time: 2 min
By October 31, 2021, each withholding agent must electronically file 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 extended to November 2, the first non-holiday following that date.
Among the main changes in Form 770/2021 are the following:
In sections ST and SV of Form 770, a specific “COVID Suspension” section has been included, which must be completed, if applicable, using 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 to report any withholding tax payments that were initially not withheld and/or not remitted due to the suspensions introduced in 2020 by the legislature as part of economic support measures for businesses and workers to address the COVID-19 pandemic;
Specific fields have been added to the SX section to report the amounts related to the legislative changes 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 intended for employees who, having worked on-site in March 2020 and not having taken advantage of remote work during the prescribed period, were entitled to it (field SX1, point 6), as well as the supplementary allowance referred to in Decree Law No. 3/2020 introduced to replace the so-called IRPEF bonus (for which field SX49 was introduced).
Please send us your response by Friday, September 24, 2021, unless you have
already taken care of:
a legible copy of the receipts for the F24 forms for 2020, including receipts for payments made in January, February, and March 2021;
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