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The Sharing Economy Taxable Payments (SHRNGECONTXBLPMT)is a third-party reporting regime. Under the Sharing Economy Taxable Payments , electronic distribution platform (EDP) operators need to report supplies made through their platform to the ATO. This will help to create a level playing field across industries and provide transparency of the income sellers receive through the sharing economy.
The draft Schema, MST and Implementation Guide for Tranche 1 reporters is below. The package is designed to be used in the development of software for the electronic lodgment of the Sharing Economy Taxable Payments reports for Tranche 1 reporters from 1 July 2023.
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