Form 770/2021 Tax Year 2020

By the upcoming October 31, 2021, each tax withholding agent must electronically transmit Form 770/2021 for the tax year 2020.

This year, the fixed date is October 31, which falls on a Sunday, so the deadline is postponed to November 2, the first subsequent non-holiday.

Among the main innovations of Form 770/2021, the following are noteworthy:

In sections ST and SV of Form 770, a specific "COVID Suspension" section has been provided, which must be completed, if applicable, with the designated codes to be entered in the "Note" (field 15) and "Suspended amount" (field 16) fields, to indicate the amounts suspended due to the health emergency. We specify that these fields must be completed to report any withholding tax payments initially not processed and/or not paid due to the suspensions introduced by the legislator in 2020 as part of economic support measures for businesses and workers to address the COVID-19 epidemiological emergency;
In section SX, specific fields have been added to report amounts related to legislative innovations introduced in 2020, highlighting the credit due to the tax withholding agent for the payment of the bonus referred to in Legislative Decree no. 18/2020, intended for employees who, having worked on-site in March 2020 and not having utilized agile work during the prescribed period, were entitled to it (field SX1, point 6), as well as the supplementary treatment referred to in Legislative Decree no. 3/2020, introduced to replace the so-called IRPEF bonus (for which field SX49 has been introduced).

We kindly request you to send us by Friday, September 24, 2021, if you have not already done so:

already done so:

legible copies of the F24 payment receipts for 2020, including receipts for payments made in January, February, and March 2021;

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