29 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 Machinery Appraisal: Evaluating the Worth of Industrial Assets April 18, 2024 The Pinnacle of Luxury Living: Sceneca Residence’s Exclusive... April 16, 2024 What Is CNC Machining? April 15, 2024 Hit the Director’s Chair with Dan Mace’s Free... April 15, 2024 Prolonging Battery Life in Disposable Vape Devices: Practical... April 15, 2024 About the functionality of the KMSAuto NET program April 13, 2024 Factors to Consider Before Pursuing a Bachelor’s Degree... April 13, 2024 Top Staffing Companies in India 2024: The Comprehensive... April 12, 2024 NID Sample Papers: Preparation simplified with Expert Guidance... April 11, 2024 The Future is Here: AI-Infused Web Design for... April 10, 2024