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Price Control and Anti-Profiteering Regulation 2016

Enforcement of Price Control and Anti-Profiteering

Effective 1 January 2017,  the Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK) has enforced the Price Control and Anti-Profiteering Regulations (Mechanisms to Determine the Unreasonably High Profit for Goods) 2016 to act on profiteering activities. It replaces the Price Control and Anti-Profiteering Regulations (The Mechanism to Determine Unreasonably High Profit) (Net Profit Margin) 2014 which has been in force until December 31, 2016.

It applies the method of calculating the mark up percentage or the percentage of margin on the first day of the financial year or the business calendar year in determining the base profit. The percentage is based on the mark up percentage or the margin percentage on the first day of the previous year and the difference in trend on mark up percentage or margin percentage for the past 3 years.
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E-Guidebook : Mechanism for Implementing Mechanisms to Determine unreasonable High Profits





source: KPDNKK

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