Tax Inclusive Pricing (TIP) Act Prices for goods and services shall have the total cost to the consumer (taxes/fees/levies/duties) included on the price prominently displayed/advertised.
- Businesses may display their pretax price as long as the TIP is clearly marked and the more prominent of the prices.
- Penalties for non-compliance will be fall under the existing consumer law for fraud, false advertising and relevant consumer protection laws.
This shall come into effect at the start of the new fiscal year.
Sponsor: Muaddib
