Infosys Ltd.

Infosys has announced the successful conclusion of an Advance Pricing Agreement (APA) with the US Internal Revenue Service (IRS). The preliminary discussions with the IRS on the APA were initiated by the Company in 2015, followed by multiple rounds of discussions.

Under the APA, the company and the IRS have agreed on the methodology to allocate revenues and compute the taxable income of the company’s US operations. This agreement covers financial years from 2011 to 2021. The APA will enhance predictability of the company’s tax obligations in respect of its US operations.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.