FORUM ON TAX ADMINISTRATION. International Compliance Assurance Programme Pilot Handbook 2.0. The International Compliance Assurance Programme (ICAP) is a voluntary programme for a multilateral co-operative risk assessment and assurance process. It is designed to be an efficient, effective and co-ordinated approach to provide multinational groups (MNEs) willing to engage actively, openly and in a fully transparent manner with increased tax certainty with respect to certain of their activities and transactions. ICAP does not provide an MNE with legal certainty as may be achieved, for example, through an advance pricing arrangement (APA). It does however give comfort and assurance where tax administrations participating in an MNE’s risk assessment consider a covered risk to be low risk. Where an area is identified as needing further attention, work conducted in ICAP can improve the efficiency of actions taken outside the programme, if needed. This handbook contains information on a second ICAP pilot (ICAP 2.0), which builds on the first pilot, described later in this introduction. This handbook remains a working document and will be revised based on the experience of participating tax administrations and MNEs.
