Tax Obligation
/ˈtæks ˌɑblɪˈɡeɪʃən/
Definitions
- (n.) A legal duty imposed on an individual or entity to pay a tax to a governmental authority.
The taxpayer fulfilled the tax obligation by submitting the required forms and payment before the deadline.
- (n.) An enforceable liability arising under tax law, including income, property, or other forms of taxation.
Failure to meet the tax obligation can result in penalties and interest charges.
Forms
- tax obligation
- tax obligations
Related terms
See also
Commentary
Tax obligation denotes the legally binding requirement to pay taxes; drafting clarity should distinguish between types of taxes and include relevant deadlines and penalties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.