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Waiver danger: A refresher on RMO No. 14-2016

Waiver danger: A refresher on RMO No. 14-2016

by Arik Aaron C. Abu


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waiver danger

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).

© 2020 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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