The need for greater convergence and coordination between customs and tax authorities over the issue of transfer pricing

Abstract

The article is devoted to the peculiarities of applying the transfer prices between the dependent enterprises inside the common area of the multinational corporations as well as to the complications and problems of convergence between the Customs and Tax authorities over the issue of controlling and checking the transfer prices. The need for this convergence and coordination between these mentioned state bodies is shown and proven. The main points of contact are analysed in the direction for controlling the transfer prices from the side of the Customs and Tax authorities. The comparison of the existing methods and approaches used by the Customs and Tax authorities in the plane of defining the transfer price and the Customs value is fulfilled. The ways of further cooperation and convergence between the Customs and Tax authorities are defined.