The forms of payment of wages are regulated by the Labor Code, which specifies that wages must be paid using legal tender.

The month of March of every year is declared as “Tax Consciousness Month” by virtue of Proclamation No. 1239, Series of 1974.

Every second week of March of every year is declared as the Philippine Foreign Trade Week. (Proclamation No. 248, s. 1956)

There are two types of conversion outlined in SEC Memorandum Circular No. 27, series of 2020: (1) from an ordinary stock corporation to a one-person corporation, and (2) from a one-person corporation to an ordinary stock corporation.

Under the 1987 Constitution, it is the policy of the State to promote full employment, equality of employment opportunities for all, and afford full protection to labor.

The Alien Employment Permit (AEP) is not an exclusive authority for a foreign national to work in the Philippines.

A franchise is defined to be a special privilege to do certain things conferred by government on an individual or corporation, and which does not belong to citizens generally of common right.

Intellectual property rights, including copyright, trademark, and patent protections, each cover distinct aspects of creative works, innovations, and brand identities.

Generally speaking, taxes are for revenue, whereas fees are exactions for purposes of regulation and inspection and are for that reason limited in amount as to what is necessary to cover the cost of the services rendered in that connection.