ATECO Codes — Activities auxiliary to financial services and insurance activities
Division 66 covers activities auxiliary to credit, finance and insurance: insurance agents and intermediaries (66.22), authorised financial advisers (formerly promotori finanziari) and tied agents (66.19.21), independent financial advisory (66.19.22), loss adjusters and claims handlers (66.21). These are intermediation and service activities without assumption of financial risk in one's own name. From a tax perspective, almost all these codes fall under a profitability coefficient of 78% under the flat-rate regime, and the INPS scheme differs significantly depending on whether you work as an agent or as an independent adviser.
- ATECO 2025 codes
- 13
- Flat-rate eligible
- 13 of 13
- Profitability coefficient
- 78%
- Prevalent INPS scheme
- Gestione Separata
66.11.00Administration of financial marketsFlat-rate78%66.12.00Security and commodity contracts brokerageFlat-rate78%66.19.10Credit card transaction processing and settlement activitiesFlat-rate78%66.19.21Financial advisory activities provided by advisors authorised for off-premises offerFlat-rate78%66.19.22Other financial advisory activitiesFlat-rate78%66.19.90Other activities auxiliary to financial services n.e.c., except insurance and pension fundsFlat-rate78%66.21.00Risk and damage evaluationFlat-rate78%66.22.00Activities of insurance agents and brokersFlat-rate78%66.29.01Supervisory activities over insurance and pension fundsFlat-rate78%66.29.09Other activities auxiliary to insurance and pension funding n.e.c.Flat-rate78%66.30.01Management of collective investment undertakings, pension funds and portfoliosFlat-rate78%66.30.02Trust management servicesFlat-rate78%66.30.03Fiduciary and custody servicesFlat-rate78%
Frequently asked questions
What profitability coefficient applies to an insurance agent or financial adviser under the flat-rate regime?
For division 66 codes linked to intermediation (insurance agents 66.22, authorised financial advisers and tied agents 66.19.21, independent financial advisory 66.19.22) the profitability coefficient is 78%. On €40,000 of fees the taxable base is therefore €31,200, on which the substitute tax of 15% is calculated (5% for the first five years if the conditions are met). You can calculate the taxes using your actual figures. The €85,000 revenue ceiling for remaining under the regime applies.
Does an insurance agent pay the Trader Management or the Separate Management INPS scheme?
Insurance agents and commercial agents register with the INPS Trader Management scheme, with a 2025 minimum of around €4,549 per year and 24.48% on the portion of income above €18,555. Those under the flat-rate regime can request a 35% reduction on contributions. Agents also pay into Enasarco, the mandatory supplementary fund with a rate of 17% split between agent and principal. Both INPS and Enasarco contributions are deductible from income.
Does an independent financial adviser have the same classification as an agent?
No. The independent financial adviser (who does not place products on behalf of intermediaries) does not register with the Trader Management scheme or Enasarco, but pays into the INPS Separate Management scheme at a rate of around 26.07%, calculated on actual income with no fixed minimum. The difference is significant: the agent pays a minimum contribution even on low income, while the independent adviser pays in proportion to what they earn. For this reason, choosing the correct code deserves careful consideration before opening a VAT number.