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Level 2 and 3 Data Requirements Summary Data Field Card number and Exp. Date Transaction Amount Invoice Number Level 1 Data Requirements Level 2 Data Requirements x × × × x Tax Amount between 1
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Level 2 and 3 refer to different levels of reporting requirements for certain financial disclosures.
Entities with specific financial activities are required to file level 2 and 3 reports.
To fill out level 2 and 3 reports, entities need to provide detailed financial information as per the reporting requirements.
The purpose of level 2 and 3 reporting is to provide transparency and accountability in financial disclosures.
Level 2 and 3 reports require reporting of detailed financial information such as income, expenses, assets, and liabilities.
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