What is the Sharing Economy Reporting Regime?
The Sharing Economy Reporting Regime (SERR) is a third-party reporting regime that requires electronic distribution platforms (like Airtasker) to report information about transactions on their platform to the Australian Tax Office (ATO).
The ATO states that SERR is intended to help create a level playing field across industries and provide transparency of the income independent contractors receive through the sharing economy.
What do these changes mean for me?
The introduction of SERR means that Airtasker is now required to collect and report certain information to the ATO, including income earned through the platform.
To find out more about what transactions are reportable under the SERR, visit the ATO website.
What do I need to do?
To help us comply with these new obligations, Taskers will be required to complete an easy, 2-step account verification process:
- Verify your identity
- Submit your tax information
How do I verify my account?
- Log into your Airtasker account
Open the Airtasker app or website and log in with your credentials. - Access settings
Click on your profile picture to open the menu, then select ‘Settings.’ - Select ‘Verify Account’
In the Settings menu, find and click on ‘Verify Account.’ - Verify your identity
Follow the on-screen instructions to complete the identity verification process. - Submit your tax information
Provide the necessary tax information as prompted. - Complete the verification
Click ‘Finish Verifying Your Account’ to finalise the process.
Questions?
For more information on how to verify your account, please visit the Airtasker Help Centre.
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