International Compliance Assurance Program (ICAP)

The International Compliance Assurance Program (ICAP) is a collaborative approach between tax authorities and multinational companies, aimed at promoting consistent and transparent tax practices across countries. It allows companies to proactively assess and manage their global tax risks through a tailored, pre-agreed plan. ICAP fosters open dialogue, builds mutual trust, and helps ensure compliance with international tax standards, reducing the likelihood of disputes or penalties. Overall, it streamlines compliance efforts and supports fair and efficient tax practices in the global economy.