The Central Bank of the Dominican Republic maintains responsibility for the printing and issuance of currency, and the regulation of the nation's banking ~ monetary system. . The country's monetary board, which is supervised by the Governor of the Central Bank, directly determines monetary and foreign exchange policies.
Automatic Transfer Service - ATS. DEFINITION of 'Automatic Transfer Service - ATS'. A banking service offered to customers that has both a general and specific meaning. On a general level, it can mean any automatic transfer of funds between customer accounts.
Answer by G543. Confidence votes 8.4K. VAT means Value Added Tax and is a sales tax charged in the EU and is normally included in the end-consumer retail price. Companies registered for VAT don't pay it on items and services purchased, but charge it on sold products and services and hand it up to the authorities.et means after deductions, VAT is a form of tax, 17.5% in the UK. Net VAT should therefore mean before the VAT is added, as NET is the smaller amount, Gross is the larger. 58 people found this useful. Edit.