Overview

What is MRDP?

The Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy (MRDP) is an OECD framework.

Taxbit's platform aims to assist you with the end to end compliance with MRDP, with various integration options for flexible support.

How Do I Integrate with Taxbit for MRDP?

Sending Data to Taxbit

Data can be ingested to Taxbit through API, with CSV files, or SDK (Seller Tax Documentation Data only) to support the workflow. The following sections will highlight integration via API and SDK. Batch data transfers will mimic a similar data model to the APIs (available on request)

There are two key pieces of data required for MRDP/DAC7 and multiple ways to collect this data.

1. Seller Account Data (API, CSV Files, Embedded Interview SDK)
2. Income Payment Transactions (API, CSV Files)

Retrieiving Recipient Copies

Taxbit generates annual Recipient Copies of the Income Data for each reportable seller. These can be accessed in a variety of ways.

1. Taxbit Dashboard - Log into the Taxbit Dashboard and navigate to a specific account. Within the "Tax Documentation" section, you can see all generated tax documents for that account, by tax year. You can also go to the "Forms" page to see all generated forms for a specific year and even download the entire set of forms to your machine.
2. Utilize the Get Released Tax Documents endpoint