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
- 64.32.00Attività di conti fiduciari, per la gestione dell'eredità e di agenzia
Description
- trusts, estates and agency accounts, administered on behalf of multiple beneficiaries under the terms of a trust agreement, will or agency agreement
- activities of shareholding companies, not owning controlling levels of equity
- venture capital companies where the only financing is by shares and no fee is received
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 64.32:
- raising funds by issuing shares or units and acting as collective investment schemes, see 64.31
Frequently asked questions
A trust administered on behalf of multiple beneficiaries — ATECO code 64.32.00 or trust management services 66.30.02?
It depends on the role. Code 64.32.00 is for the fiduciary account, the estate or agency account administered under a trust deed, a will, or an agency mandate. The professional trust management service offered to third parties is instead 66.30.02. Here you are the vehicle; there you are the manager.
A venture capital company funded solely by share capital and charging no fees — does it fall under 64.32.00?
Yes, this is one of the cases explicitly mentioned: companies whose sole funding consists of shares and that collect no fees fall under 64.32.00. If instead the venture capital vehicle actively invests and trades on its own account, see 64.99.00.
A company holding equity stakes but without a controlling interest — is it 64.32.00 or holding company 64.21.00?
Usually 64.32.00 when the stake does not reach a controlling interest. The holding company proper is 64.21.00. The key question is whether you hold a controlling interest or not.