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

Examples of Tax Liability in a sentence

• Representation by Corporations Regarding Delinquent Tax Liability or a Felony Conviction under any Federal Law.

• The Company shall provide written notice to the IEDC not more than thirty (30) days after it makes or receives a proposal that would transfer its Indiana State Tax Liability obligations to a successor taxpayer.

• Creditors and Equity Interest Holders Concerned with How the Plan May Affect Their Tax Liability Should Consult with Their Own Accountants, Attorneys, And/Or Advisors.

• Pursuant to Indiana Code § 6–3.1–13–18, in the event the credit amount claimed by the Company for a Taxable Year exceeds the Company’s Indiana State Tax Liability for that Taxable Year, the excess shall be refunded to the Company.

• The Company shall have the right at the time of exercise of any Stock Option, the grant of an Award, or the lapse of restrictions on Award Shares, to make adequate provision for any federal, state, local or foreign taxes which it believes are or may be required by law to be withheld with respect to such exercise ("Tax Liability"), to ensure the payment of any such Tax Liability.

More Definitions of Tax Liability

Tax Liability means any liability or obligation for Taxes.

Tax Liability means an Actual Tax Liability or a Deemed Tax Liability;

Tax Liability means a Liability for any Tax.

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

Tax Liability means any Liabilities related to Taxes.

Tax Liability means, in respect of any person:

Tax Liability has the meaning set forth in Section 14.6.1.