Setting Up the Taxable Payments Annual Report

Before you can generate the Taxable Payments Annual Report (TPAR), you must first set up the following:

Setting Up Payer Details for TPAR
Setting Up Payee Details for TPAR
Declaring Vendor Bills and Bill Payments Reportable for TPAR

Setting Up Payer Details for TPAR

The Payer Details is found on Section A of the Taxable Payments Annual Report. It contains your Australian business information from the Company Information page or Subsidiary record. See TPAR Section A Sample Form.

Before you generate a TPAR, ensure to fill out the following fields on your company or subsidiary record:

ABN - Enter your 11–digit Australian Business Number.
Branch Number – Enter a branch number if you have multiple branches and one ABN. If you do not have a branch number, enter 001.
Legal Name – Enter your registered business name.
Address - Enter your street or postal address. Write each part of the address separately in the fields provided.
Phone – Provide a daytime phone number where ATO can reach you.
Contact Name – Provide the name of the person whom the ATO will contact for further information.
Contact Email – Provide an email address where the ATO can contact you about your annual report.

For more information about entering company or subsidiary details, read the Configuring Company Information or Editing Subsidiary Records help topic.

TPAR Section A Sample Form

The following image is a sample form from the ATO.

Setting Up Payee Details for TPAR

The Payee Details is found on Section C of the Taxable Payments Annual Report. It contains the contractor’s business information from the Vendor record. See TPAR Section C Sample Form.

To declare a vendor as a Payee on the TPAR, you must set up the vendor as TPAR Eligible. Afterward, all bills paid to the vendor are automatically reported on the TPAR.

To set up vendor as TPAR eligible:

In NetSuite, go to Lists >Relationships > Vendors.
Select the vendor that you want to include in the report.
Click Edit.
On the AUS Reporting subtab, check the TPAR Eligible box.

For OneWorld accounts, the AUS Reporting subtab only appears after you select the vendor’s Australian subsidiary from the Primary Subsidiary list.
Fill out the following fields:
- If the vendor provided an Australian Business Number (ABN), go to the Financial subtab and enter the 11–digit ABN on the Tax Registration Number field.
  
  Note:
  If a vendor provides a new ABN, you must create a new vendor record. Bills and bill payments where you quoted the new ABN are reported on a separate Payee Details on the TPAR.
- (Optional) In the Primary Information field group, select a category from the Category list.
  
  If the vendor is a government entity, select Government Entity. If the vendor is a government entity but exempted from TPAR, select Government Exempt.
Click Save.

For more information about adding vendor record details, see Creating a Vendor Record.

If you are declaring multiple vendors, you can perform a Mass Update to check the TPAR Eligible boxes. For more information, see Mass Updating Vendor Records and Transactions for TPAR Reporting.

Note:

Existing bills and bill payments of a newly set TPAR Eligible vendor are not automatically reported in the TPAR. You must manually update these transactions to include it in the report. For more information, see Declaring Vendor Bills and Bill Payments Reportable for TPAR.

TPAR Section C Sample Form

The following image is a sample form from the ATO.

Declaring Vendor Bills and Bill Payments Reportable for TPAR

If you have existing reportable vendor bills and bill payments prior to setting the vendor as TPAR Eligible, you must manually go through each transaction and check the Include in TPAR box to include it in the TPAR. For the complete instruction, see Including Bill Payments in TPAR. You can also perform a mass update of your transactions to include it in the report. For more information, see Mass Updating Vendor Records and Transactions for TPAR Reporting.

To learn more about reporting bills, bill payments, and bills paid through grants in TPAR, see Reporting Vendor Bills and Bill Payments on TPAR.

Setting Up Payer Details for TPAR

TPAR Section A Sample Form

Setting Up Payee Details for TPAR

To set up vendor as TPAR eligible:

TPAR Section C Sample Form

Declaring Vendor Bills and Bill Payments Reportable for TPAR

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