A taxation and corporate lawyer emphasizes the crucial role of a proper mindset in ensuring taxpayers diligently fulfill their obligations. She compares taxes to the 'lifeblood of a nation', highlighting the essential services they fund, and stresses the importance of compliance to avoid issues with tax authorities. The lawyer advises businesses to seek legal guidance to ensure accurate tax payments and legal compliance.
Proper mindset can help taxpayers comply with tax obligations diligently and properly, a seasoned taxation and corporate lawyer said.
“Without taxes, the different government agencies will not function properly, and government services will not be provided to the people. Utilities and basic necessities will not be available; roads and airports will not be built; we will not have policemen or firemen to secure lives and properties. We will not have teachers to educate children, nor will have doctors, dentists, and nurses to take care of our physical health,” she said.
Employees don’t usually have tax problems as income taxes are automatically deducted from their salaries. The pitfalls are encountered by businesses and individuals who voluntarily pax taxes on their own.
Taxes Compliance Business Law BIR Lawyer Advice
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