Based on recent studies, the Philippines is one of the fastest growing startup centers in the world. It is not surprising, considering that Filipinos have been known in different parts of the world for their commendable work ethics and their wide range of skill sets. Conscious of this great potential to speed up the country’s economic growth, the government enacted the Republic Act (R.A.) No. 11337 or the Innovative Startup Act.

Republic Act (R.A.) No. 12023 or the “Value-Added Tax on Digital Services Law” is a newly-signed law under President Ferdinand R. Marcos, Jr.’s administration, which imposes a 12% Value Added Tax (VAT) on Digital Service Providers (DSPs), be they resident or nonresident foreign entities.

Proclamation No. 470, series of 1994 declares the first week of October of every year as LINGGO NG KATANDAANG FILIPINO or ELDERLY FILIPINO WEEK.

During this week, we celebrate the immeasurable contributions of our beloved Senior Citizens to Nation Building. [ SOURCE: Proclamation No. 470, September 26, 1994 ]

While employers are obliged to provide their employees with a weekly rest day of not less than twenty (24) consecutive hours, the Labor Code, under Article 92, nonetheless recognizes circumstances when the employer may compel his or her employee to work on a rest day.

Proclamation No. 244, series of 1993 declares September of every year as the National Clean-up Month, and every 17th to the 23rd of each September as the World Clean and Green Week. During this month and week, clean-up and greening activities of the government, and of the Global YES Resolution, are observed and intensified.

A contract of insurance is an agreement whereby one undertakes for a consideration to indemnify another against loss, damage or liability arising from an unknown or contingent event. (Sec. 2(a) of R.A. No. No. 10607, also known as “The Insurance Code”)

Legal or Intestate Succession, also called Intestacy, is a mode of succession which generally takes place when a person (“decedent”) dies without a will. Under this mode, it is the law which will dictate the proper distribution of the decedent’s whole estate. Heirs who inherit under legal or intestate succession are called “intestate heirs.”

Recognizing the progress achieved in the field of medicine in the Philippines, and the value of medical science in the people’s daily lives, Proclamation No. 439, s. 1957 was issued declaring the fourth week of September as the observance of “Medicine Week.”