By next October 31, 2020, each tax withholding agent will have to electronically submit Form 770/2020 for the 2019 tax year. This year, the date set for October 31 falls on a Saturday, so the extension to the first following weekday, Nov. 2, operates.
The main new features of Form 770/2020 include:
The insertion of a new line regarding "Data concerning the nonresident intermediary in the ST panel," in cases where the nonresident intermediary has appointed a tax representative in Italy active as a tax substitute.
Making changes to the instructions of the SK framework to simplify the presentation of data when taxing profits accrued in different years.
We ask you to get it to us by Friday, 09/25/2020:
Legible copies of receipts of F24 forms reported for 2019, including receipts for January, February and March 2020 payments;
receipts of F24 forms involving taxes referring to the year 2019, which have been subject to operative reprimands in the year;
possibly the boxes filled out by your accountant/tax advisor inherent in: capital gains, redemption, life insurance, prize winnings, atypical securities, and/or profits.
Finally, we invite you to report any changes that have occurred and refer to the Company (headquarters, legal representative, extraordinary corporate operations that have occurred or will occur by the date of submission of the declaration) in order to be able to make the correct compilation of the front page as well as the correct compilation of the frameworks of interest; for those who have had dealings with self-employed recipients, we finally ask you to indicate whether you are proceeding with a single submission, or with a separate submission (in which case we need you to indicate the tax code of the substitute who is proceeding with the submission of the remaining part of the declaration).