[C]anamountoftaxthat apersonorbusinessmustpay:Thecompanyhad toraise5m tomeetataxliability.Shareholders mayincurataxliabilityupon thesaleorredemptionofsharesof a Fund[U]asituationin whichtaxmust bepaidon something:Apercentageofapprovedchildcarecostscan bepaidbyemployerswithout anytaxliabilityfor them oremployees.(Definition oftax liabilityfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesoftax liability
tax liabilitySome states require payment of tax prior to judicial appeal, and some states consider payment of tax an admission of thetaxliability.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This would help taxpayers pay thetaxliabilitythat has now replaced insurance premiums.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Most countries that impose tax normally basetaxliabilityon source and/or residency.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This freedom fromtaxliabilityapplies not just to charitable trusts, but also to people who donate to them.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Because these persons have high-assets accumulated over time, they have a high propertytaxliability, although their realized income is low.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.People adopt various methods so that they can reduce their totaltaxliability.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Typically the withholding tax is treated as a payment on account of the recipient's finaltaxliability.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Territorial nexus for the purposes of imposingtaxliabilityis required.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Compliance rates can also fall when taxed entities, rather than a third party, self-report theirtaxliability.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.It is a parallel system of calculating a taxpayer'staxliabilitythat eliminates many deductions.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/tax-liability##
