By October 31, 2025, withholding agents (sostituti d’imposta) are required to electronically file Form 770/2025, relating to the 2024 tax year, either directly or through an authorized intermediary, in accordance with Italian Revenue Agency Provision No. 75896/2025.
Filing Obligations
Form 770/2025 must include the following information:
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Withholdings applied and corresponding payments, including those on:
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Dividends
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Income from equity participation
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Capital income
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Financial transactions
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Offsets made and tax credits utilized
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Amounts paid following third-party garnishments
Penalty Regime
The table below summarizes the main penalties associated with Form 770 non-compliance:
| Violation | Penalty |
|---|---|
| Irregular return (formal errors) | €250 – €2,000 |
| Withholdings not paid / amounts not declared | 90% – 180% of the unpaid amount + €50 per recipient |
| Withholdings paid but amounts not declared | €250 – €2,000 + €50 per recipient |
| Late filing (with withholdings paid) | €250 – €2,000 |
| Failure/late transmission by intermediaries | €516 – €5,164 |
| Omitted return | 120% – 240% of unpaid withholdings (minimum €250) |
| Filing within 30 days (withholdings not paid) | Penalty reduced by 50% |
| Filing before next official notice (withholdings not paid) | 60% – 120% of the amount (minimum €200) |
| Filing before next official notice (withholdings paid) | €150 – €500 |
| Failure to pay withholdings | 30% of the tax due (reduced to 15% if paid within 90 days) |
| Failure to apply withholdings | 20% of the amount not withheld |
Support and Assistance
For any clarification or assistance in preparing and filing Form 770/2025, our Firm remains at your full disposal.