Price Control and Anti-profiteering Regulations 2016 Briefing
27 April 2017
On 27 April 2017, Deloitte Malaysia held a briefing session on the aspects of compliance and enforcement of the new Price Control and Anti-profiteering (Mechanism to Determine Unreasonably High Profit for Goods) Regulations 2016 (“New Regulations”).
The briefing featured guest speaker Mr. Guna Selan Marian, Senior Principal Assistant Director, Enforcement Division at the Ministry of Domestic Trade, Co-operatives and Consumerism (“MDTCC”) and Low Swee Hon, Senior Principal Assistant Director, Anti-Profiteering Unit Enforcement Division at MDTCC alongside Deloitte Malaysia’s GST & Customs Director, Chandran TS Ramasamy. The session was attended by about 50 professionals from various industries that benefited from our guest speakers’ ample experience and insights on the GST appeal and dispute resolution process.
During the briefing session, the speakers covered topics such as the application of formula to determine unreasonably high profits – basic principles and exceptions which apply to companies, enforcement of the New Regulations, practical issues and challenges faced in complying with the New Regulations, as well as practical solutions for businesses to overcome the above issues/challenges.
Click here to view photos of the event.