Infosys Penalized by Canada for Tax Underpayment
May 13, 2024 22:19
Canada's Finance Ministry has imposed a penalty on Infosys for alleged underpayment of employee health tax in 2020, totaling over Rs 82 lakh. The company says there is no material impact on its operations.
New Delhi, May 13 (PTI) The Canadian government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax for the year ended December 31, 2020, a regulatory filing said.
Infosys received an order from Canada's Finance Ministry on May 9.
"Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020," the filing said, which mentioned a penalty of 1,34,822.38 Canadian dollars has been imposed on the company. Infosys said that there is no material impact on financials, operations or other activities of the company.
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