Infosys signs 10 years APA with US IRS; Expects dip in overall effective tax-rate

Jan 09,2018

Tech giant Infosys announces successful signing of an Advance Pricing Agreement (APA) with US IRS, agreeing on the methodology to allocate revenues and compute the taxable income of its US operations covering FYs 2011 to 2021;  In accordance with the APA, Infosys states that it expects to reverse tax provisions of approximately US$ 225 million made in previous periods which are no longer required (both under International Financial Re...

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