TRANSFER PRICING IN THE REPUBLIC OF KAZAKHSTAN: MAIN PROBLEMS OF STATE REGULATION AND CONTROL
Purpose of research - to investigate the current development trends of transfer pricing state regulation system in the Republic of Kazakhstan and to consider the prospects for system improvement.Methodology. Comparative analysis of foreign and Kazakh approaches to control transfer pricing. Assessment of best practices based on the analysis of normative documents, statistical data, scientific publications, materials of seminars and conferences.Originality /value of research. The author examines the basic approaches of transfer pricing regulation in the world practice and in the Republic of Kazakhstan, analyzes the specifics of legal regulation of the researched sphere in Kazakhstan. On the basis of the analysis recommendations on optimization of state regulation and control are developed.Research results. The existing regulatory framework of transfer pricing and the practice of its application in Kazakhstan do not contribute to increasing the initiative of business, do not stimulate foreign economic activity, restrain the inflow of foreign investments and modern technologies into the country. It is necessary to change the approaches to regulation at the basic level and focus it on building partnerships between the state and business. One of the key tasks is to harmonize the norms of domestic legislation with the generally accepted international principles of regulation.