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

• Without limiting the generality of the preceding sentence, PubCo shall ensure that any Tax Benefit Schedule that is delivered to the TRA Party Representative, along with any supporting schedules and work papers, provides a reasonably detailed presentation of the calculation of the Actual Tax Liability and the Hypothetical Tax Liability and identifies any material assumptions or operating procedures or principles that were used for purposes of such calculations.

• With respect to payments made by Parent attributable to the Covered Tax Items, SpinCo and Parent shall cooperate to reduce or eliminate any Tax Liability incurred as a result of SpinCo’s receipt of such payments.

• In the event of any Transfer of any or all of a Member’s Units, such Member’s Assumed Tax Liability will be equitably adjusted, in the Manager’s reasonable discretion in consultation with the AS Representative, based on the Units Transferred and the Units retained (if any).

More Definitions of Tax Liability

Tax Liability means an Actual Tax Liability or a Deemed 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 any liability or obligation for Taxes.

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

Tax Liability means a Liability for any Tax.

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.