ALBURO ALBURO AND ASSOCIATES LAW OFFICES ALBURO ALBURO AND ASSOCIATES LAW OFFICES

contact

MON-SAT 8:30AM-5:30PM

June 1, 2022

Business Law and Labor Law Updates

The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.

 


WHAT ARE SECURITIES?


SECURITIES

  • Securities are shares, participation or interest in a corporation

  • Securities are evidenced by a certificate, contract, instruments, whether written or electronic in character

  • Securities, when not registered, are not to be offered for sale

Continue reading . . .

 

 

 

 


ESTABLISHMENTS GRANTING DISCOUNTS TO NATIONAL ATHLETES AND COACHES MAY DEDUCT THE DISCOUNT FROM THE GROSS INCOME


  • Any national athlete and coach shall be entitled to the benefits listed under Republic Act No. 10699 or National Athletes and Coaches Benefits and Incentives Act”.

  • Establishments granting sales discounts to National Athletes and Coaches on their sale of goods and/or services shall be entitled to deduct the said sales discount from their gross income.

  • If the name of National Athletes and Coaches, and their corresponding Philippine National Sports Team Identification Card and Booklet (PNSTM ID and Booklet) is not reflected in the records of sales, the sales discount claimed as deduction by business establishments shall be disallowed

Continue reading . . .

 

 

 


INCENTIVES FOR TOURISM ENTERPRISE ZONE OPERATORS AND REGISTERED TOURISM ENTERPRISES


  • The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) may grant incentives to registered tourism enterprises

  • TEZs are being administered and supervised by TEZ operators

  • In general, there are two kinds of incentives available to TEZ operators and registered tourism enterprises

Continue reading . . .

 

 

 

 


PROHIBITED MODES OF RETAILING


  • Republic Act No. 8762 or Retail Trade Liberalization Act of 2000 foreign investors to engage in retailing in the Philippines.

  • Foreign-owned partnerships, associations and corporations formed and organized under the laws of the Philippines may, may engage or invest in the retail trade business upon registration with the Securities and Exchange Commission (SEC), or in case of foreign-owned single proprietorships, with the Department of Trade and Industry (DTI).

  • Qualified foreign retailers shall not be allowed to engage in certain retailing activities outside their accredited stores through the use of mobile or rolling stores or carts, the use of sales representatives, door-to-door selling, restaurants and sari-sari stores and such other similar retailing activities.

Continue reading . . .

 

 

 

« 48 49 50 51 52 53 54 55 56 57 »

4 thoughts on “Business Law and Labor Law Updates

Leave a Reply

Your email address will not be published. Required fields are marked *

0 Shares
Share
Tweet
Share