Icap assessment drivers#
Icap assessment full#

Rather, the ICAP program is intended to give comfort and assurance where tax administrations participating in an MNE groupвЂ™s risk assessment consider a covered risk to be low such that it is unlikely to be subject to high intensity local tax audits. To aid in its implementation, the OECD released the new handbook for tax administrations and taxpayers potentially interested in participating to obtain further information on the program.ДЄs was the case with both ICAP pilots, the handbook reaffirms that an ICAP risk assessment does not provide an MNE group with legal certainty, as may be achieved, for example, through an advance pricing agreement (APA). Utilizing a groupвЂ™s Country-by-Country (CbC) reports, TP master file and local files, and other information provided by the MNE group, the aim of ICAP is to provide an efficient, effective, clear, and coordinated approach to achieving early tax certainty and assurance for MNEs. However, the revised handbook contains some modifications to the procedural and administrative elements of the ICAP program. The core focus areas remain, as reflected in ICAP 2.0, the assessment and assurance of transfer pricing (TP) risk, permanent establishment (PE) risk, and other categories of international tax risk (e.g., hybrid mismatch arrangements, withholding taxes, or treaty benefits) as agreed by the MNE group, the lead tax administration, and other covered tax administrations.

Icap assessment drivers#

In broad terms, the handbook released is very similar to ICAP 2.0, with no significant changes in scope nor in the six key drivers that underpinned both ICAP 1.0 and ICAP 2.0. The handbook released on 18 February 2021 was assembled based on the experience from these two pilots and from feedback provided by tax administrations and MNE groups. In ICAP 2.0, the second ICAP pilot program which commenced in March 2019, there were an additional 11 participating tax administrations: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Luxembourg, Norway, Poland, and Russia.

ICAP is a voluntary risk assessment and assurance program designed to facilitate open and cooperative multilateral engagement between large multinational enterprise (MNE) groups that are willing to engage actively and transparently and tax administrations in jurisdictions where the MNE groups have business activities.Дeveloped under the framework of the FTA Large Business and International Programme, the first ICAP pilot was launched in January 2018, with the participation of eight FTA member jurisdictions: Australia, Canada, Italy, Japan, the Netherlands, Spain, the United Kingdom, and the United States. This transition to a program with open membership follows the plenary session held by the FTA on 7 and 8 December 2020.

Icap assessment full#

According to an OECD media release, following two initial pilot programs, ICAP will now be run as a full program, open to all 53 FTA member tax administrations. On 18 February 2021, the Organisation for Economic Co-operation and Development (OECD) Forum on Tax Administration (FTA) released a new handbook for the International Compliance Assurance Programme (ICAP) (the handbook). They also provide them with tools and resources that can help them in improving their IPC and AS programs.OECD Forum on Tax Administration releases new handbook for International Compliance Assurance Programme (ICAP) The ICAP and ASAP teams provide on-site and/or remote assistance, depending on the needs of the facilities. nursing homes, critical access hospitals etc.) and otherwise do not have access to IPC and AS experts. Over the years, Nebraska ICAP and ASAP have become an essential resource for infection preventionists and pharmacists in the state who are working in resource limited healthcare settings (e.g.

Trevor Van Schooneveld are the co-medical directors for Nebraska ASAP. Dr Ashraf along with another UNMC ID faculty member, Dr. Muhammad Salman Ashraf, who is well known for his work related to IPC and AS program development in nursing homes is the medical director for Nebraska ICAP. critical access hospitals, nursing homes, dialysis centers etc.) across the state of Nebraska. The focus of these outreach initiatives is to strengthen infection prevention and control (IPC) and antimicrobial stewardship (AS) programs in various healthcare settings (e.g. These programs were established in 20 respectively and are supported by the Nebraska DHHS via a CDC grant. Nebraska Infection Control Assessment and Promotion Program (ICAP) and Nebraska Antimicrobial Stewardship Assessment and Promotion Program (ASAP) are UNMC ID divisionвЂ™s community outreach programs.

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