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Fines and Penalties

/ Fines and Penalties

The PCC imposes administrative penalties on those who violate the PCA. The Commission imposes four types of fines, namely:

  1.  
  2. Administrative fines for violations of Sections 14 (Anti-competitive Agreements), 15 (Abuse of Dominant Position), 17 (Compulsory Notification), and 20 (Prohibited Mergers and Acquisitions) of the PCA. In fixing the amount of fines, the Commission shall consider both the gravity and duration of the violation. In cases involving necessities and prime commodities as defined in the Price Act of 1992 (Republic Act No. 7581), the final fine to impose shall be tripled.
  3. Fines ranging from P50,000 to P2,000,000 for failure to comply with an order of the Commission. Businesses that fail or refuse to comply with a ruling, order, or decision issued by the Commission are required to pay the above penalty for each violation, and a similar amount of penalty for each day afterwards, until the business fully complies. These fines shall only accumulate daily starting on the 45th day from the time that the Commission’s ruling, order, or decision was received.
  4. Fines of up to P1,000,000 for the supply of incorrect or misleading information. This fine is applicable to any entity that intentionally or negligently supplies incorrect or misleading information on any document, application, or other paper filed with or submitted to the Commission; or supplies incorrect or misleading information in an application for a binding ruling, a proposal for a consent judgment, proceedings relating to a show cause order, or application for modification of the Commission’s ruling, order or approval, as the case may be.
  5. Fines worth at least P50,000 for any other violations not specifically penalized under the relevant provisions of the PCA.
  6.  

This schedule of fines shall be increased by the Commission every five years to maintain their real value from the time it was set.