Income Tax Liability definition

Income Tax Liability means any Liability of SM Energy or any of its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income of SM Energy or any of its Affiliates that was or is attributable to SM Energy’s or any of its Affiliates’ ownership of an interest in or the operation of the Assets.
Income Tax Liability means any income tax in respect of PAYE income for the purposes of section 683 Taxes Act (or the equivalent in any jurisdiction outside England & Wales).
Income Tax Liability means any Liability of Seller or its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income of RTP.

Examples of Income Tax Liability in a sentence

  • The Income Tax Liability with regards to your Salary and perks will be at your liability, and will be governed by the tax laws of the country where you are posted and as applicable from time to time.


More Definitions of Income Tax Liability

Income Tax Liability means the net amount of Income Taxes due and paid or payable for any taxable period, determined after applying all tax credits and all applicable Carrybacks or carryovers for net operating losses, net capital losses, unused general business tax credits, or any other relevant adjustments.
Income Tax Liability means any Liability of Seller or its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income, profits, revenue or similar measure that was or is attributable to (a) RTP’s ownership of the RTP Assets or (b) EAOC’s ownership of the EAOC Assets.
Income Tax Liability means any liability for Income Taxes.
Income Tax Liability means, with respect to any jurisdiction, an amount equal to the liability for Income Taxes of the Company unpaid as of the Closing Date and first due after the Closing Date with respect to such jurisdiction computed for each Pre-Closing Tax Period.
Income Tax Liability means, with respect to any Plan Year, the total amount of Income Taxes payable by the Company for such Year (determined as if every Foreign Entity in which the Company owned a beneficial interest on any day during such Year was taxable as a partnership for federal income tax purposes).
Income Tax Liability means, with respect to any jurisdiction where a Standalone Tax Return is filed, an amount equal to the liability for Income Taxes of the Company and each of its Subsidiaries accrued (whether or not such accrual is required under GAAP and ignoring for the purposes of any such accrual the fact that the obligation to pay such Income Taxes may not arise until after the Closing Date) and unpaid as of the Closing Date that are first due after the Closing Date with respect to such jurisdiction computed for each Pre-Closing Tax Period.
Income Tax Liability means any liability for federal, state, local or foreign income, business and occupation or similar taxes, and any interest, fines or penalties relating thereto, owing by any FAST Operating Entity to any Governmental Authority attributable to the operations and activities of the FAST Operating Entities for any period ending on or prior to the Closing Date, including, without limitation, taxes, and any interest, fines or penalties relating thereto, for a partial year ending on the Closing Date, which shall be calculated on the assumption that the books are closed on the Closing Date and that taxes are due on the Closing Date;