TRANSFER PRICE – IDENTIFICATION OF RISKS, CHALLENGES AND REACTIONS OF RELATED SIDES IN GLOBAL INTEGRATION ERA

Abstract

Taxes are a very basic and important source of revenue for a country. Today, countries around the world always take care of money from Taxes, and at the same time, they strive against Tax loss. For rich and developed countries, such as the G20 group, they had close cooperative activities in preventing "Tax evasion / Tax avoidance" of taxpayers. Currently, the Organization for Economic Cooperation and Development (OECD), an international organization formed from a group of G20 countries, develops a project of Action Plan on Base Erosion and Profit Shifting (BEPS) and this project was approved by the G20 group in November 2015, and OECD simultaneously set up a Inclusive Framework Forum (IF Forum) to implement the solutions of BEPS. In July 2017, Vietnam officially became the 100th member of this forum. According to the BEPS’s project, Transfer Pricing activity is one of anxious contents. This article generally focuses on and makes clear risks and challenges, and petitions for some solutions so as to limit tax risks in particular and finance in general