Tax Liability definition

Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

Tax Liability means any liability or obligation for Taxes.

Tax Liability means any amount of tax or social security contributions for which a Participant would or may be liable and for which any Group Member or former Group Member would or may be obliged to (or would or may suffer a disadvantage if it were not to) account to any relevant authority;

Examples of Tax Liability in a sentence

• Consequences of Current Tax Liability Imposed Upon the Transmission Provider.

More Definitions of Tax Liability

Tax Liability means any liability (whether known or unknown, whether absolute or contingent, whether liquidated or unliquidated, and whether due or to become due) with respect to Taxes.

Tax Liability means a liability of the Company to make a payment of or on account of Tax.

Tax Liability means an Actual Tax Liability or an Effective Tax Liability.

Tax Liability means, in respect of any person:

Tax Liability has the meaning set forth in Section 14.6.1.

Tax Liability the total of (a) any income tax and primary class 1 (employee) national insurance contributions that any employer (or former employer) of the Participant is liable to account for (or reasonably believes it is liable to account for) as a result of any Taxable Event; and (b) any Employer NICs that any employer (or former employer) of the Participant is liable to pay (or reasonably believes it is liable to pay) as a result of any Taxable Event and that can be recovered lawfully from the Participant.

Tax Liability has the meaning set out in paragraph (e) of Clause 17.3 (Tax Indemnity).