France has joined the International Compliance Assurance Programme (ICAP) pilot program, the OECD announced September 16, bringing the total number of tax administrations participating to 18.
The ICAP brings tax officials together to jointly assess the transfer pricing, permanent establishment, and other tax positions of multinational taxpayers in a cooperative manner through review of their country-by-country reports, local files, and other materials.
The officials undertake both risk assessment and assurance of international tax risks. The program is voluntary for multinationals.
The first ICAP pilot was launched in Washington D.C. in January 2018. It is not comprised of tax officials from Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Luxembourg, Netherlands, Norway, Poland, Spain, United Kingdom, and the United States.
Be the first to comment