How do you fill out Form 111?
Posted: Mon Jan 06, 2025 7:10 am
Many self-employed and business owners have to apply IRPF withholdings on invoices or on employees' payrolls. You have to declare this to the Tax Agency using Form 111.
Form 111 is a quarterly self-assessment through which companies and self-employed persons declare the withholdings made during the quarter from workers, professionals or business owners. In other words, an informative form through which you notify the Tax Agency of the IRPF withholdings that you have applied to invoices or employee payrolls.
Who is required to submit Form 111?
Companies and self-employed persons who have withheld IRPF in:
Employment income: employee payrolls, severance pay, etc.
Income from some economic activities: for example, invoices with withholding tax sent by a professional (such as your advisor or your lawyer) or those related to agricultural and livestock activities, forestry activities and those calculated using the objective estimation method .
And also the profits from intellectual and industrial activity, transfer of image rights, prizes , etc.
When is Form 111 submitted?
Like many other tax forms, Form 111 must be submitted within 20 days after the end of each quarter:
Whenever the 20th falls on a Saturday, Sunday or holiday, the deadline will be extended until the next business day.
Those who are required to submit italy number data monthly self-assessments (large companies and public administrations) must submit them within the first 20 calendar days of each month, including the month of July.
Finally, you must take into account form 190 , which is the annual version of form 111. This is submitted between the 1st and 20th of January and must match the four quarterly declarations you made on form 111.Here you must enter your wages and salaries, whether they are monetary or in kind.
Box 01 : you must indicate the number of recipients, that is, the number of individuals to whom you have applied a withholding tax on account of personal income tax on their payrolls based on their monetary work income.
Box 02 : the sum of the payrolls you paid to the workers indicated in the previous box. Add the base, without the personal income tax withholding.
Box 03 : the sum of the personal income tax withholdings applied to the payrolls of the workers in box 01.
Boxes 04, 05 and 06 : we must enter the same data as in the three previous boxes with the difference that here we will refer to the payments you have made to your workers in kind.
Related article: Gross salary and net salary, what is the difference?
2. Performance of economic activities
This subsection is reserved for personal income tax withholdings on professional services provided during the settlement period.
Box 07 : you must specify the number of professionals who have provided you with services during the self-assessment period.
Box 08 : you must add up all the amounts of the invoices from the professionals in box [07]. You must not add up VAT or personal income tax.
Box 09 : the total amount of the withholdings from the invoices in box 08.
Boxes 10, 11 and 12 : the same as the three previous boxes but for professional services provided in kind.
3. Prizes for participation in games, contests, raffles or random combinations
It works exactly the same as the two previous sections, but in this case it refers to the prizes you have delivered that are subject to withholding. Boxes 13, 14 and 15 are reserved for cash prizes and boxes 16, 17 and 18 for prizes in kind.
4. Capital gains derived from the forestry exploitation of residents in public forests
Exactly the same applies to expenses arising from the forestry use of public forests by residents and which represent capital gains for the recipients. Boxes 19, 20 and 21 are also distinguished for monetary payments and boxes 22, 23 and 24 for payments in kind.
5. Compensation for the transfer of image rights
Here we will record the income received from the transfer of image rights (as happens to actors, models, footballers and other equally famous professions).
Form 111 is a quarterly self-assessment through which companies and self-employed persons declare the withholdings made during the quarter from workers, professionals or business owners. In other words, an informative form through which you notify the Tax Agency of the IRPF withholdings that you have applied to invoices or employee payrolls.
Who is required to submit Form 111?
Companies and self-employed persons who have withheld IRPF in:
Employment income: employee payrolls, severance pay, etc.
Income from some economic activities: for example, invoices with withholding tax sent by a professional (such as your advisor or your lawyer) or those related to agricultural and livestock activities, forestry activities and those calculated using the objective estimation method .
And also the profits from intellectual and industrial activity, transfer of image rights, prizes , etc.
When is Form 111 submitted?
Like many other tax forms, Form 111 must be submitted within 20 days after the end of each quarter:
Whenever the 20th falls on a Saturday, Sunday or holiday, the deadline will be extended until the next business day.
Those who are required to submit italy number data monthly self-assessments (large companies and public administrations) must submit them within the first 20 calendar days of each month, including the month of July.
Finally, you must take into account form 190 , which is the annual version of form 111. This is submitted between the 1st and 20th of January and must match the four quarterly declarations you made on form 111.Here you must enter your wages and salaries, whether they are monetary or in kind.
Box 01 : you must indicate the number of recipients, that is, the number of individuals to whom you have applied a withholding tax on account of personal income tax on their payrolls based on their monetary work income.
Box 02 : the sum of the payrolls you paid to the workers indicated in the previous box. Add the base, without the personal income tax withholding.
Box 03 : the sum of the personal income tax withholdings applied to the payrolls of the workers in box 01.
Boxes 04, 05 and 06 : we must enter the same data as in the three previous boxes with the difference that here we will refer to the payments you have made to your workers in kind.
Related article: Gross salary and net salary, what is the difference?
2. Performance of economic activities
This subsection is reserved for personal income tax withholdings on professional services provided during the settlement period.
Box 07 : you must specify the number of professionals who have provided you with services during the self-assessment period.
Box 08 : you must add up all the amounts of the invoices from the professionals in box [07]. You must not add up VAT or personal income tax.
Box 09 : the total amount of the withholdings from the invoices in box 08.
Boxes 10, 11 and 12 : the same as the three previous boxes but for professional services provided in kind.
3. Prizes for participation in games, contests, raffles or random combinations
It works exactly the same as the two previous sections, but in this case it refers to the prizes you have delivered that are subject to withholding. Boxes 13, 14 and 15 are reserved for cash prizes and boxes 16, 17 and 18 for prizes in kind.
4. Capital gains derived from the forestry exploitation of residents in public forests
Exactly the same applies to expenses arising from the forestry use of public forests by residents and which represent capital gains for the recipients. Boxes 19, 20 and 21 are also distinguished for monetary payments and boxes 22, 23 and 24 for payments in kind.
5. Compensation for the transfer of image rights
Here we will record the income received from the transfer of image rights (as happens to actors, models, footballers and other equally famous professions).