Laws Essay

7217 words - 29 pages

Philippine Laws Affecting Market

By: Carla P. Yglopaz
Mark Anthony S. Catahina
Claudine M. Pascual
Ryan-John L. Rivero
Melissa Joy R. Suarez

14 June 2014
TABLE OF CONTENTS
Laws Affecting Marketers
Marketing Law ………………………………………………………………….. 5
Republic Act No. 8424: The National Internal Revenue Code of 1997 .................... 5
Republic Act No. 8293: Intellectual Property Code of the Philippines …………… 6
Batas Pambansa Bilang 68: Corporation Code of The Philippines …………. . 6
Republic Act No. 8799: Securities Regulation Code of the Philippines …………… 7
Republic Act 8792: Electronic Commerce Act of 2000 …………………………... 8
Legal Recognition of Electronic Writing ...view middle of the document...

.……………….. 25
Republic Act No. 7581: Price Act ………………………………………… 27
Republic Act No. 8762: An Act Liberalizing the Retail Trade Business, Repealing for the Purpose Republic Act No. 1180, As Amended, and For Other Purposes ... 28
Department Administrative Order No. 8: Prohibiting Chain Distribution Plans or Pyramid Sales Schemes in the Sale of Consumer Products ………………… 28
Laws Affecting Environment
Environmental Law ……………………………………………………….. 28
President Degree 1586: Philippine Environmental Impact Statement System … 29
Republic 8749: Clean Air Act ………………………………………………. 29
Republic Act 9275: Philippines Clean Water Act of 2004 ……………… 30
Republic Act 9729: Climate Change Act of 2009 ……………………… 30
Republic Act 9512: Environmental Awareness and Education Act of 2008 …. 31
Republic Act No. 9072: National Caves and Cave Resources Management and Protection Act ……………………………………………………………… 31
Prohibited Acts ……………………………………………………… 31
RA 6969: Philippine Toxic Substances and Hazardous and Nuclear Waste Act 32
RA9003: Philippine Ecological Solid Waste Management Act (PESWMA) of
2000 …………………………………………………………………….. 32
RA. No. 9147: Wildlife Resources Conservation and Protection Act ……. 33



Laws Affecting Marketers
Marketing Law
Marketing law relates to the statutes, case law, and rules and regulations pertaining to the prevention of consumer harm resulting from deceptive marketing practices related to the sale of goods and services. These laws tend to be particularly strict with regard to food products, drugs, medical devices, and financial matters.
Marketing and advertising are essentially the ways one gets information about a product or service to the general public and is the key to success for many businesses. But, every businesses has a legal obligation to ensure that those marketing and advertising materials are truthful and not deceptive or otherwise a violation of the law.
Republic Act No. 8424: The National Internal Revenue Code of 1997
It is hereby declared the policy of the State to promote sustainable economic growth through the rationalization of the Philippine internal revenue tax system, including tax administration; to provide, as much as possible, an equitable relief to a greater number of taxpayers in order to improve levels of disposable income and increase economic activity; and to create a robust environment for business to enable firms to compete better in the regional as well as the global market, at the same time that the State ensures that Government is able to provide for the needs of those under its jurisdiction and care.
Through the years, amendments were introduced to our tax system. This include increasing of the Basic Personal Exemption (P50,000) for each individual tax payer and increasing the amount of allowable exemption (P25,000) for each dependent child but not exceeding four (4). This amendment has an effect to the disposable income of...

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