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A Real Time Gross Settlement (RTGS) system provides instant settlement of payments, transfer instructions, or other obligations individually on a transaction-by-transaction basis1.
. The PhilPaSSplus is the lone Peso Real-Time Gross Settlement (RTGS) system in the Philippines, owned and operated by the Bangko Sentral ng Pilipinas (BSP) in accordance with its authority under the National Payment Systems Act.
Aug 16, 2021 · The Bangko Sentral ng Pilipinas (BSP) has identified the Philippine Peso Real-Time Gross Settlement (PhP-RTGS) payment system, which it owns and operates, as a systemically important payment system (SIPS).
PHILIPPINES SEC Memorandum Circular No. Series of 2021 TO: ALL CONCERNED SUBJECT : GUIDELINES IN PREVENTING THE MISUSE OF CORPORATIONS FOR ILLICIT ACTIVITIES THROUGH MEASURES DESIGNED TO PROMOTE TRANSPARENCY OF BENEFICIAL OWNERSHIP ("BO TRANSPARENCY GUIDELINES") Whereas, Section 73 of Republic Act No. 11232 otherwise known as the Revised
the meanings below. a. Adaptive Reuse. Refers to the utilization of buildings, other built-structures, and sites of value for purposes other than that for which they were intended originally, in order to conserve the site, their engineering integrity and authenticity of design. b. Administration. Refers to the Intramuros Administration.
For purposes of this Order, the commercial invoices shall be categorized as VAT Sales Invoice, VAT Official Receipt, Non-VAT Sales Invoice, and Non-VAT Official Receipt with reference to Revenue Regulations (RR) No. 18-2012 and RMO No. 12-2013.
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We hope that this Handbook will serve as a ready and practical reference in maintaining increased awareness on workers’ and employers’ rights and responsibilities, among others, for employees, employers, as well as students, practitioners and the general public.
