(ITA) Withholding tax - Model 770 (form)

  • Article

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click General ledger > Reports > External > Withholding tax - Model 770.

Use this form to generate the Model 770 report and export the information to an ASCII file to submit to the tax authorities. The Model 770 is an annual report that provides information about the taxes that are withheld by a legal entity when paying contractors and self-employed vendors. For more information about completing and filing the Model 770 report, see the Italian Revenue Agency website.

Note

(ITA) This form is available only to legal entities whose primary address is in Italy.

Task that uses this form

(ITA) Create and export the Model 770 report as an ASCII file

The following tables provide descriptions for the controls in this form.

Buttons

Button

Description

Transfer

Add the vendor payment and withholding tax transactions to the Model 770 report.

Reset

Reset the values on all of the tabs.

Validate

Validate the data that is set up for vendors and your company.

Export

Open the Modello 770 Export form and export the Model 770 report as an ASCII file.

Fields

Field

Description

Model ID

The identification number of the Model 770 report.

Note

The model ID is numbered according to the number sequence that you set up for the model ID reference on the Number sequences link in the General ledger parameters form.

Filing year

Enter the year that the tax filing is for. For example, enter 2012 as the filing year for tax year 2011. The default value is the current calendar year.

Exported

Select this check box to indicate that the Model 770 report has been exported.

Exported date

The date when the latest version of the Model 770 report was exported.

ATECOFIN Code

Enter the company’s ATECOFIN code as defined in the Italian sales tax books form.

Declaration type

Select the declaration type of the Model 770 report from the following options:

  • Integrative – Indicates that you can compile and submit a new report if you have already submitted a report that requires corrections.

  • Corrective – Indicates that the report to be generated is a correction to a previous report.

  • Original – Indicates that the Model 770 report is an original report.

Exceptional event

Select any exceptional event that your company was subject to during the tax year from the following options:

  • No exceptional events – There were no exceptional events. This option is displayed by default.

  • Extortion – The company was extorted and obtained a three-year extension from the Italian government to meet their tax obligations.

  • Abruzzo earthquakes – The company was affected by the 2009 Abruzzo earthquake.

  • Veneto flooding – The company was affected by the 2010 Veneto floods.

  • Exceptional circumstances – The company was subject to various exceptional situations that resulted in the suspension of tax submissions for a period defined by the Italian government.

Status

Select the operational status of the company from the following options:

  • Normal operation – The company is operating as usual. This option is displayed by default.

  • In liquidation – The company is in liquidation.

  • In bankruptcy – The company is in bankruptcy.

  • Business closed – The company’s operations are closed.

Situation

Select the tax period type from the following options:

  • Liquidation tax period – The report covers the tax period when the company was in liquidation.

  • Tax period after bankruptcy – The report covers the tax period after the company filed for bankruptcy.

  • Tax period when liquidation ended – The report covers the tax period when the company’s liquidation ended.

  • IRES transformation tax period – The report covers the tax period specified by the Imposta sul Reddito delle Società (IRES), or corporate income tax, when the company underwent a transformation.

  • Normal tax period – The report covers a standard tax period. This option is displayed by default.

Bankruptcy date

Select the date when the company filed for bankruptcy.

Note

This field is available only if you select In bankruptcy in the Status field.

Editorial comments

Select the section for which the company must file the withheld tax from the following options:

  • Section I

  • Section II

  • Section III

  • Section IV

Note

The default value is Section II. You can select the section based on the Italian government’s instructions for the Model 770 report published on the Italian Revenue Agency website.

Type of declarer

Specify the type of declarer who sends the tax declaration to the tax authority from the following options:

  • Filing for same legal entity – Indicates that you are sending the Model 770 report for the same legal entity for which the withholding transaction is transferred.

  • Filing for other legal entity – Indicates that the Model 770 report is sent on behalf of another legal entity.

  • Filing through fiscal assistance center (CAF) – Indicates that the Model 770 report is filed through the fiscal assistance center (CAF).

Writer fiscal code

Enter the fiscal code of the person who prepared the report.

CAF inscription number

Enter the 5-digit CAF inscription number.

CAF obligation

Select who prepared the Model 770 report:

  • Declaration prepared by legal entity

  • Declaration prepared by declarer

Note

This field is available only if the Type of declarer field is set to Filing for other legal entity or Filing through fiscal assistance center (CAF).

CAF fiscal code

Enter the 11-digit CAF code.

Note

This field is available only if the Type of declarer field is set to Filing through fiscal assistance center (CAF).

CAF transmission date

Select the transmission date for the selected declarer type. This field is available only if the Type of declarer field is set to Filing for other legal entity or Filing through fiscal assistance center (CAF).

Signatory

Select the employee who signed the report on behalf of the company.

Legal address

Select the legal address of the company.

Legal address changed

Select this check box if the company’s legal address changed during the previous calendar year.

Changed date

Select the date when the company’s legal address changed.

Fiscal address

Select the fiscal address of the company.

Fiscal address changed

Select this check box if the company’s fiscal address changed during the previous calendar year.

Changed date

Select the date when the company’s fiscal address changed.

Role

Select the employee’s role from the following options:

  • Legal representative – The employee is a managing partner.

  • Administrator of under aged – The employee is an administrator for minors or people with disabilities.

  • Bankruptcy curator – The employee is a bankruptcy administrator.

  • Commissioned liquidator – The employee is an administrator for liquidation.

  • Controller of sequestered goods – The employee is an administrator for seized goods.

  • Fiscal representative – The employee is a tax representative for non-residents.

  • General legatee – The employee is an heir to the company.

  • Liquidator – The employee is an administrator for a voluntary liquidation.

  • Extraordinary operator – The employee is a representative who submits tax returns on behalf of a company that no longer exists because of a merger, acquisition, or other extraordinary transaction.

  • Non-resident – The employee is a tax representative for non-residents with limitations, as defined under article. 44, paragraph 3, of D.L. No 331/1993.

  • Legal guardian – The employee is a guardian for a minor who is an heir to the company.

  • Sole proprietor liquidator – The employee is an administrator who is responsible for the disposal of equipment during a voluntary liquidation.

  • Property manager – The employee is a manager of the property.

  • Public representative – The employee is a representative who signs the declarations on behalf of the government.

  • Public liquidator – The employee is a liquidator operating on behalf of the government.

First date in role

Select the date when the employee was assigned to the role specified in the Role field.

Signatory fiscal code

Enter the fiscal code of the employee.

Birth county

Select the Italian county code for the birth county of the employee.

Birth city or foreign country

Enter the employee’s birth city if the employee was born in Italy or the country if the employee was born outside Italy.

Foreign resident

Select this check box if the employee is a foreign national.

Country/region

Enter the country name of the employee’s foreign residence.

Note

This field is available only if you select the Foreign resident check box.

Foreign state, province, and county

Enter the state, province, and county of the employee’s foreign residence.

Note

This field is available only if you select the Foreign resident check box.

Place of residence

Enter the name of the place where the employee’s foreign residence is located.

Note

This field is available only if you select the Foreign resident check box.

Foreign address

Enter the street address of the employee’s foreign residence.

Note

This field is available only if you select the Foreign resident check box.

Excluded

Select this check box to exclude the line from the vendor or company totals and to exclude the line from being exported.

Total amount

Enter the total amount of the withholding tax transaction.

Withhold tax amount

Enter the amount of the tax withheld.

Recovered credits

The amount of credit recovered from the withholding tax transaction.

Deduction amounts used

Enter the amount of the deduction in the withholding tax transaction.

Overpayment

Enter the amount that was overpaid in the withholding tax transaction.

Tax credit used as a detraction

Enter the amount to be subtracted from the tax for the vendor payment line.

Paid amount

Enter the amount that is paid to the vendor as part of the withholding tax transaction.

Interest amount

Enter the amount that was paid as interest to the vendor during the withholding tax transaction.

Note

Enter the control code for withholding the tax.

Payment date

Select the date when the payment was made to the vendor.

Vendor account

(On the Vendor totals FastTab)

Select the vendor account number.

Other non-taxable amounts

The amounts that are not taxable for a vendor during a specific period. This does not include amounts that are not taxable by treaty, which are displayed separately.

Not taxable by treaty

The amount that is not taxable by treaty in the withholding tax transaction for a vendor.

Base amount

The total base amount used to calculate withholding tax.

Gross payment amount

The total amount of the gross payment made to the vendor, including the taxes.

Prepayment

The total amount that was paid in advance to the vendor before the withholding tax transaction.

Withhold amount as deposit

The total amount withheld as a deposit during the period for a vendor.

Suspended withholding amount

The withheld amount that was deferred from a payment to the vendor.

Base amount for the previous year

Enter the base amount of payments, including withholding tax, that were made during the previous calendar year.

Amount withheld for the previous year

Enter the total amount of withheld payments, including withholding tax, during the previous calendar year for a vendor.

Expense reimbursement amount

The amount of expenses reimbursed in the withholding tax transaction.

Withhold for tax purposes

The total amount that was withheld from the payment to the vendor for tax purposes.

Other non-taxable amounts

On the Company totals FastTab)

The total amount that is not taxable for the company for a period. This does not include amounts that are not taxable by treaty, which are displayed separately.

Not taxable by treaty

The total amount that is not taxable by treaty for each company.

Base amount

The summary of the total base amount of all withholding tax transactions for the company.

Gross payment amount

The summary of the total amount of all gross payments made to vendors, including taxes.

Prepayment

The total amount that was paid in advance to vendors by a company before withholding tax transactions.

Withhold amount as deposit

The total amount that was withheld as a deposit by the company from vendor payments for withholding tax transactions.

Suspended withholding amount

The total withheld amount that was suspended from the payment for each company for a period.

Expense reimbursement amount

The total amount of the expense reimbursement for each company during a period.

Paid amount

The total amount paid to all vendors by a company as part of withholding tax transactions.

Withhold for tax purposes

The total amount that was withheld by the company from vendor payments for tax purposes.

Amount withheld for the previous year

The summary of the total amount of payments withheld for each company during the previous calendar year.

Base amount for the previous year

The summary of the total base amount used to calculate withholding tax for each company during the previous calendar year.

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