Equity crowdfunding
When the investor participates in one of the equity crowdfunding projects on Walliance, he/she becomes for all intents and purposes a partner in the company in which he/she invests. The investor who needs to submit the ISEE form must then note the stake acquired in it.
It is possible to download from the INPS website the updated instructions for the correct completion of the form. For investments made through Walliance, the investor must refer to FORM FC.1 - BOX FC2 "MOVABLE ASSETS," item (e) shares in unlisted companies.
The part of the DSU form to be filled out is Quadro FC2 "Patrimonio Mobiliare”, Section II, by entering or selecting:
as "report type" code 99 - other financial instruments and reports;
as "financial operator tax code" the tax code of the SPV in which the investor has invested (detectable from the Chamber of Commerce Visura);
as the "report identifier" the IBAN code of the SPV in which the investor has invested (detectable from the order confirmation and investment confirmation of their investment);
as "value" the share of equity based on the investor's percentage of ownership. The percentage of shares held by the investor can be obtained from the Articles of Association (from which it is possible to view the equity share entitlement), while the net worth of the company can be independently found from the approved financial statements as of 12/31 of the previous year.
Both documents are included within the "Updated File”, uploaded by Walliance within the "Reports" section of the reference project.
For assistance with the calculation of the "value" field, Walliance provides an external consulting service (for a fee). For more information, you can write to hello@walliance.eu.(the part about the start date and end date is optional information).
As a reminder, you can download the Issuer Company's Chamber of Commerce Visura directly from the "Report" section of the project page, and its financial statements are available on the Company Registry website. We recommend that you contact your accountant, tax advisor or contact a CAF for further information on filling out the ISEE.
Lending crowdfunding
When the investor participates in one of the Lending crowdfunding projects please note on Walliance he/she becomes for all intents and purposes a lender of the company in which he/she invests. The investor who needs to please note the ISEE model is not obliged to indicate the credit claimed.
In addition, Mangopay SA provides through Walliance, information regarding the average balance, starting balance and ending balance of your Wallet.
You will be able to find them by the end of April of the year following the completed year, within the "Taxation" area of your profile in a summary document.
For ISEE purposes, the part of the DSU form to be filled out is Schedule FC2 "Patrimonio Mobiliare," section I, by entering or selecting:
as "report type" code 01 - bank and postal deposits and accounts;
as "report identifier”, the virtual IBAN of your Mangopay Wallet that you can find in your Account > Wallet;
as "financial operator tax code" the tax code of Mangopay SA, namely "LU25939145";
as "balance as of December 31" the value of the balance found from the document made available in the "Taxation" area of your account;
as "average stock" the value of it found from the document made available in the "Taxation" area of your account;
as "start date" and "end date" the dates given in the document made available in the "Taxation" area of your account.
In the case of joint relationships, indicate the share of average balance and deposits according to the number of joint holders (e.g. for two joint holders indicate 50% share, three joint holders 33.3% share, and so on). Average annual balance means the average amount of the customer's credit balances in a given period grouped by one year. The calculation of average annual stock, i.e., the average amount of sums to the customer's credit in a given period, grouped by one year, is determined by dividing the sum of daily stocks by 365, regardless of the number of days the deposit/account remained open. In this context, daily inventories mean daily balances by currency.
External tax advice is recommended for the purpose of completing the ISEE form.