tax liability
noun
TAXukus[C]
anamountoftaxthat apersonorbusinessmustpay:
Thecompanyhad toraise€5m tomeetataxliability.
Shareholders mayincurataxliabilityupon thesaleorredemptionofsharesof a Fund
[U]
asituationin whichtaxmust bepaidon something:
Apercentageofapprovedchildcarecostscan bepaidbyemployerswithout anytaxliabilityfor them oremployees.