Model 770/2021 tax period 2020

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

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

The main innovations of Mod. 770/2021 include the following:

in sections ST and SV of model 770, a specific section “COVID Suspension” has been provided, which must be completed with the appropriate codifications 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. We specify that these fields must be completed in order to report any payments of withholdings initially not made and/or not paid due to the suspensions introduced during 2020 by the legislator in the context of economic support measures for businesses and workers in order to cope with the epidemiological emergency from Covid-19;
specific fields have been added to section SX, in order to be able to report the amounts relating to the legislative innovations introduced in 2020, highlighting the credit due to the withholding agent in consideration of the payment of the bonus referred to in Law Decree no. 18/2020 intended for employees who, having worked in person in the month of March 2020 and not having benefited from agile work in the prescribed period, have claimed the right to it (field SX1 point 6), as well as the supplementary treatment referred to in Law Decree no. 3/2020 introduced in replacement of the so-called IRPEF bonus (for which field SX49 has been introduced).

We kindly ask you to send us by Friday 24/09/2021, if you have not

already provided:

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

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