The OECD Forum on Tax Administration (FTA) 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, master file, local files and other transfer pricing information. The programme is intended to facilitate open and co-operative multilateral engagements between MNE groups and tax administrations, with a view to providing early tax certainty and assurance.

Additional information on ICAP, including more frequently asked questions and a list of participating tax administrations, will be made available on the ICAP webpage during March 2021.