SERR - Data Requirements

See below for all of the required data elements for completing SERR reporting.

Filing Entity

The legal entity responsible for issuing forms will be the filing entity. The information listed below must be submitted through the Taxbit Dashboard.

For more information on Filer setup, please refer to this guide: Filer Setup

Field Name	Required
Name	Required
Address	Required
Tax Residency	Required
TIN	Required
ARN	Required if Tax Residency is not Australia
Contact Name	Required
Contact Phone Number	Required
Contact Email	Required

Please note: If there are multiple filers, please ensure that you are using the correct filer ID for the associated account(s).

Account Owner / Account

For ingestion purposes, the only data point required to create/update an Account Owner is the Account ID. This allows you to add all of your users to the Dashboard, even while you may still be collecting additional information. There will be reports available in the Dashboard to let you know if something is missing for an Account that is eligible for a tax form.

The following table, however, summarizes the required fields needed to complete SERR reporting.

For more information on formatting the Account Owner/Account CSV templates, please refer to this guide: MRDP/DAC7 - Account/Account Owner CSV Ingestion Template Formatting Guide

Field Name	Required
Account Owner ID	Only required if you have Account Owners with multiple Accounts
Account ID	Required
Account Owner Type	Required: Individual or Non-Individual
Name	Required
Address	Required
Date of Birth	Required for Individuals
Tax Residency	Required; must be Australia to be in scope (see Eligibility Logic tab)
TIN	Required for Entities. For Individuals, only required if the Activity Code is Ride-Sourcing or Taxi services
Phone Number	Required
Email	Required
Filer ID	Only required if you have multiple Filers

Note that there are other fields on the Account Owner / Account model that are not listed here, as they are not required for SERR reporting.

In addition to the above, a financial account must be provided for each reportable period (H1/H2) in which the Account has reportable activity.

For more information on formatting the Financial Account CSV Ingestion template, please refer to the following guide: Finance Accounts - CSV Ingestion Template Formatting Guide

Field Name	Required
Financial Account Type	Required
Bank Account Location	Required if Financial Account Type is Bank
Financial Institution Provider ID	Required
Financial Account Identifier	Required
Financial Account Holder Name	Required if Financial Account Type is Bank

Transactions or Form Data

For account activity, we can either collect raw transaction data, in which case Taxbit will complete the aggregations and determine the ultimate data to report for SERR. If you are doing the aggregations already, then we also offer the option of sending us Form Data, which would include the final amounts that go on the form.

Transactions

For SERR, only the Income transaction type is relevant, however, these transactions will also require the transaction subtype indicating the type of income (e.g., Payment-Services, or NEC)

For more information on formatting the Transactions template, please refer to the following guide: MRDP/DAC7 - Transactions CSV Template Formatting Guide

Field Name	Required
Account ID	Required
Transaction ID	Required
Date and Time	Required
Transaction Type & Subtype	Required Must be Transaction Type of Income and and one of the following Transaction Subtypes – Payment-Services NEC
Received Asset Quantity, Currency, and Rate/AUD Value	Required
Fee Asset Quantity, Currency, and Rate/AUD Value	If Applicable

Form Data

To the extent transactions are not being provided, and Taxbit is not handling aggregations, the following data points must be provided for Form Data ingestion.

Note that there should typically be a single row per Account, per quarter, per Activity Code/Sub-Code combination.

For more information on formatting the Form Data template, please refer to the following guide: SERR - Form Data CSV Ingestion Formatting Guide

Field Name	Required
Account ID	Required
Quarter	Required
Activity Code	Required
Activity Sub-Code	Required if Activity Code is Short Term Accommodation, Movable Asset, Fixed Location Asset, or Service
Gross Income, GST Inclusive	Required
GST Amount Attributed to Total Gross Income	If Applicable
Number of Activities	Required
Fees and Commissions, GST Inclusive	If Applicable
GST Amount Included in Fees and Commissions	If Applicable