OECD Specifies Risk Assessment Program Eligibility Requirements

The OECD released what details multinational businesses must file with tax authorities to be selected for a program that helps them avoid transfer pricing disputes.

Applicants to the International Compliance Assurance Programme need to provide a submission checklist, group information form, covered risk overview, and details of the group’s advanced pricing arrangements to be selected to participate, the Organization for Economic Cooperation and Development said in an update Thursday.

The ICAP program allows companies to discuss transfer pricing positions with tax administrations to obtain more certainty about their tax bills. Transfer pricing relates to the value of transactions between ...