The OECD Forum on Tax Administration has released a new handbook for the International Compliance Assurance Programme (ICAP). ICAP is a voluntary programme for a ‘co-ordinated risk assessment of large MNE groups by tax administrations in several jurisdictions using a group’s country-by-country reports’ and other transfer pricing information. The programme facilitates ‘open and co-operative multilateral engagements between MNE groups and tax administrations, with a view to provide early tax certainty and assurance’, says the OECD. The new handbook brings together feedback from tax administrations and MNEs which took part in two pilot study groups during the development of ICAP in 2018 and 2019.
The OECD Forum on Tax Administration has released a new handbook for the International Compliance Assurance Programme (ICAP). ICAP is a voluntary programme for a ‘co-ordinated risk assessment of large MNE groups by tax administrations in several jurisdictions using a group’s country-by-country reports’ and other transfer pricing information. The programme facilitates ‘open and co-operative multilateral engagements between MNE groups and tax administrations, with a view to provide early tax certainty and assurance’, says the OECD. The new handbook brings together feedback from tax administrations and MNEs which took part in two pilot study groups during the development of ICAP in 2018 and 2019.
