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.

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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;

Tax Liability means any Liabilities related to Taxes.

Examples of Tax Liability in a sentence

• Subject to the Sellers irrevocably and unconditionally confirming to the Purchaser that the Sellers accept liability for any Tax Liability resulting from the Sellers' Tax Audit or Sellers' Tax Claim (subject to the terms and conditions, including applicable limitations of liability, of this Agreement), the Sellers shall be entitled at their own expense to take over the control of any such Sellers' Tax Audit and/or resist or contest the Sellers' Tax Claim in the name of the Company.

• Failure to give notice within a reasonable time shall not relieve the Sellers of their liability for any Tax Liability resulting from such Tax Audit or Tax Claim except that the Sellers will not be liable for the additional damage (if any) in respect of such Tax Audit or Tax Claim resulting from such failure.

• If the date on which the Tax Liability has to be paid is deferred following application to the relevant Tax Authority, the due date for payment by the Sellers shall be five (5) Business Days before the earlier of (i) the end of such deferral, or (ii) the date on which the Tax Liability is finally and irrevocably determined (onherroepelijk vaststaat).

• A Tax Liability shall be deemed to be finally and irrevocably determined as meant in the previous sentence when in respect of such Tax Liability, a legally binding agreement with any Tax Authority is made or a decision of a court or tribunal is given or any other binding agreement or determination is made that is not or no longer subject to appeal (uitspraak in kracht v▇▇ ▇▇▇ijsde).

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 an Actual Tax Liability or a Deemed Tax Liability;

Tax Liability means any liability or obligation for Taxes.

Tax Liability has the meaning set forth in Section 14.6.1.

Tax Liability means any liability of any of the Group Entities to make an actual payment of (or in respect of) Tax.

Tax Liability means a Liability for any Tax.

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.