Model 770, what is it?

Model 770 is the model used by withholding agents and by the State Administrations for the declaration of data relating to withholdings made, payments made, credits, etc. It is the Model 770 that is used to communicate:

  • the data relating to withholding taxes on dividends, the taxpayer must send it exclusively electronically to the Revenue Agency by 31 October of the year following the one to which the data refer.
  • income from participation,
  • capital gains or transactions of a financial nature,
  • payments made,
  • the data of the compensations made,
  • the tax credits used,
  • data relating to the amounts paid following third-party attachment procedures.
 

Requirements

 

The 770 declaration concerns different types of taxpayers. In fact, they are required to present it:

  • corporations resident in the territory of the State,
  • commercial entities equivalent to joint stock companies resident in the territory of the State,
  • non-commercial entities resident in the territory of the State,
  • unrecognized associations, consortia, special companies established pursuant to Law 142/1990,
  • companies and entities of all types, with or without legal personality, not resident in the territory of the State,
  • the Trusts,
  • condominiums,
  • partnerships resident in the territory of the State,
  • armament companies resident in the territory of the State,
  • de facto or irregular companies resident in the territory of the State,
  • companies or associations without legal personality set up between individuals for the joint exercise of arts and professions resident in the territory of the State,
  • marital companies, if the activity is carried out in a company between spouses resident in the territory of the State,
  • European Economic Interest Groups (EEIGs),
  • natural persons who carry out commercial or agricultural businesses,
  • natural persons who exercise arts and professions,
  • state administrations,
  • bankruptcy trustees, liquidators, heirs who do not continue the activity of the extinguished withholding agent.

Deadline
Must be submitted by October 31 of the year following the one to which it refers. So, for example, in the case of a Model 770 referring to the 2018 tax year, the deadline will be October 31, 2019.

 

 

Model 770: how to get it?

 

With PWS you can be supported in the compilation and transmission of the model. The only way to submit Model 770 is to send it electronically to the Revenue Agency. PWS will help you to prepare and transmit the declaration.
Model 770 is considered presented on the day on which the receipt of the data by the Revenue Agency ends and the proof of presentation is given by the communication certifying the receipt of the data, always issued electronically.