International Compliance Assurance Programme (ICAP)

Key requirements

IRAS has participated since 2021. A group normally discusses entry with the tax administration of its ultimate parent entity before the OECD application deadline. Suitability and participating jurisdictions are assessed case by case; a group’s preferred administrations are considered but do not determine participation. The programme uses coordinated engagement and information such as country-by-country reports to understand risks in selected transactions and activities. It can improve certainty and reduce unnecessary disputes, but should be distinguished from a binding advance pricing arrangement or a procedure to appeal an existing assessment. Check the current OECD timetable and the programme’s coverage before preparing the application.