Recommended INPS scheme:
SEPARATA
Flat-rate scheme (forfettario)
Eligible for the flat-rate scheme?
Yes
Threshold:
€85,000
Profitability coefficient:
78%
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Classification
- LATTIVITÀ FINANZIARIE E ASSICURATIVE
- 64Attività dei servizi finanziari, escluse le assicurazioni e i fondi pensione
- 64.1Intermediazione monetaria
- 64.11.00Attività delle banche centrali
Description
- issuing and managing banknotes and digital currency
- conducting monetary policy, including monitoring and control of the money supply
- promoting financial stability
- taking deposits that are used for clearance between monetary intermediaries
- supervising banking or non-banking monetary operations, unless performed by some other entity
- holding the country's international reserves
- acting as banker to the government
- activities of central banks, currency boards and central monetary agencies
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 class 64.11:
- operation and supervision of financial markets other than by central banks and public authorities, see 66.11
- financial supervisory activities for insurance and pension funding (not by the central bank), see 66.29
- financial regulation relating to the conduct of business and consumer protection and other wider financial regulatory activities, see 84.13
- activities of international organisations (e.g. the World Bank), see 99.00
Frequently asked questions
My commercial bank or cooperative credit bank should use 64.11.00 because it mentions banks?
No. 64.11.00 is reserved for central banks, the issuance of banknotes, and monetary policy — in Italy that means the Banca d'Italia and the central banking system. An ordinary bank, a savings bank, or a BCC falls under 64.19.10.
Does the body that supervises banks fall under 64.11.00 or is there a separate code?
Usually 64.11.00, because the supervision of monetary operations — both banking and non-banking — is among the central bank functions listed in the code. However, supervision of financial services when not carried out by the central bank has a different code: 66.11.00. The deciding factor is who exercises the supervision.
State Treasury operations and holding official reserves: does that fall under 64.11.00?
Yes. Acting as banker to the Government, holding the country's international reserves, and managing the money supply are activities explicitly listed under 64.11.00. They remain central bank functions, distinct from the ordinary monetary intermediation of 64.19.10.
Replaces the following ATECO 2007 code
This 2025 code replaced the code in force until 31 March 2025:
- 64.11.00— Attività della Banca Centrale(corrispondenza diretta)