Current trends in transfer pricing: challenges and prospects

Abstract

In today's global economic context, where more and more companies operate on a global level, transfer pricing is becoming an important tool for effective management and control of a company's profitability. Transfer pricing is the process of determining the prices of goods, services and intellectual property that are transferred or used internally by a company or its affiliates. The main research methods are literature review, empirical and comparative analysis of data reflecting current trends in the development of the issue of transfer pricing in companies. The analysis carried out showed increasing trends in transfer pricing as a result of globalization and centralization of companies. The development of transfer pricing in Kazakhstan has clear growth and improvement trends in the area of legislation and implementation of OECD practices. The proposed recommendations can significantly enhance the development of transfer pricing in Kazakhstan at the present stage.