216 Table of Contents 1. Customer ID Verification Requirements2. When will these new terms come into force?3. Does it apply to new and existing users?4. Is it for individual customers only?5. Is there anything you need to do? 1. Customer ID Verification Requirements The Australian Revenue Service (ATO) and the Board of Tax Practitioners (TPB) have introduced new customer code verification rules. All holding agents and BAS agents will now have to verify the identity of their clients. Read More: Importance of Law Study in the UK 2. When will these new terms come into force? The new Certification Requirements (PoI) will take effect in the second half of 2022 (TPB and ATO will confirm the launch date within a specified period). Implement these recommendations in practice. 3. Does it apply to new and existing users? Currently, ATO and TPB prefer to start with new clients or build new relationships with existing clients. No need to go back and search the entire customer list to verify your identity. 4. Is it for individual customers only? This applies to all customers, whether they have a tax agent or a BAS agent. Represent only a legal entity (for example, a company) or not. 5. Is there anything you need to do? No.! This is what will be run internally. But all users must provide different identification documents on request. From now on, new users will have to provide identification documents on request. Note: If you also need Accounting, Bookkeeping, And Tax Agent for your business then click on BAS Services in Australia now AccountingAuthentication RequirementsfinanceTPB 0 comment 0 FacebookTwitterPinterestEmail admin MarketGuest is an online webpage that provides business news, tech, telecom, digital marketing, auto news, and website reviews around World. previous post Some Points about Assignment Help Online in USA next post Expert SEO Trends for 2022: How to Get on Top of Google SERP Related Posts Sri Lanka Visa for Georgian Citizens and How... December 8, 2024 Indian Visa for Ecuador and Fiji Citizens December 8, 2024 Indian Visa for Irish and Czech Passport Holders December 8, 2024 Key Account Manager Roles and Their Importance in... December 8, 2024 Vertical Lift Training: Master Vertical Lift Operations with... December 8, 2024 From Stage to Street: Taylor Swift’s Influence on... December 7, 2024 Concrete Grinding Discs: How to Choose the Best... December 7, 2024 Hair Restoration Surgery: The Path to Thicker, More... December 6, 2024 Transform Your Space with Custom Closets in Boca... December 6, 2024 The Importance of Port Handling Services for Efficient... December 6, 2024