by Arik Aaron C. Abu
Growing up, some of us may have been warned of "stranger danger". Such words of caution were usually told to children to keep them away from the dangers of interacting with unfamiliar people whom they do not know. As with many things that we encounter in this world, we have learned along the way that there will always be danger in not being familiar with the unfamiliar.
Taking cue from the "stranger danger" warning from our childhood, practitioners and taxpayers alike must constantly educate themselves with the ever evolving laws and regulations of taxation. Otherwise, they may be in danger and risk of encountering problems when dealing with the Bureau of Internal Revenue (BIR).