Recommended INPS scheme:
SEPARATA
Flat-rate scheme (forfettario)
Eligible for the flat-rate scheme?
Yes
Threshold:
€85,000
Profitability coefficient:
78%
Calculate your taxes
Classification
- LATTIVITÀ FINANZIARIE E ASSICURATIVE
- 64Attività dei servizi finanziari, escluse le assicurazioni e i fondi pensione
- 64.3Attività delle società fiduciarie, dei fondi e altre entità simili
- 64.31.00Attività dei fondi di investimento del mercato monetario e del mercato non monetario
Description
- open-end investment funds
- closed-end investment funds
- unit and investment trusts
Exclusion notes
Excluded from division 64:
- activities of promotional institutions for economic development through long-term investments at local, regional and national level provided that they act as the government's arm for the execution of their public policy mandate, see 84.13
Excluded from group 64.3:
- activities of entities that earn revenue from the sale of goods or services. These types of entities are therefore classified according to their principal activity in other parts of NACE/ATECO (like in division 66 for fund management, division 68 for rental and operating of real estate, or in division 77 for rental and leasing of ships or airplanes)
- carrying out securitisation transactions by issuing of financial instruments, see 64.92
- securitisation transactions of assets other than loans by issuing financial instruments, see 64.99
- trust, estate and agency accounts, that earn revenue from the sale of goods or services, see relevant NACE classes according to their principal activity
Excluded from class 64.31:
- activities of holding companies, see 64.21
- activities of non-majority shareholding companies, not owning controlling levels of equity, see 64.32
- trusts, estate and agency accounts not acting as collective investment schemes, see 64.32
- activities of venture capital companies, see 64.99
- pension funding, see 65.30
- management of funds, see 66.30
Frequently asked questions
Open-ended or closed-ended investment fund — ATECO code 64.31.00 or the code for the asset management company (SGR) that manages it?
They are two different things. Code 64.31.00 covers the fund itself as a vehicle — open-ended or closed-ended, unit trusts and investment trusts. The asset management company that administers the fund on behalf of unitholders falls under 66.30.01.
A fund investing on markets on its own account — is it 64.31.00 or 64.99.00?
Usually 64.31.00 if it is a collective investment fund, whether money market or non-money market. Investment and trading on own account outside a fund structure — for example by an investment club or venture capital vehicle — falls under 64.99.00.
Does a pension fund fall under 64.31.00 because it is a fund?
No. Pension funds have their own dedicated entry, 65.30.00. Code 64.31.00 covers money market and non-money market investment funds, not the payment of pension benefits.
Replaces the following ATECO 2007 codes
This 2025 code replaced the codes in force until 31 March 2025: