tax obligation
Debt to government
A tax obligation is the amount of tax a person or entity owes to a government authority.
The term encompasses any legally required payment—income tax, property tax, sales tax, or others.
The company failed to meet its tax obligations for three consecutive years.
Tax obligations arise from earning income, owning property, conducting transactions, or other taxable events defined by law.
- income taxGovernment charge on earnings
- tax codeLaws governing taxation
- tax filingReporting income officially
- tax liabilityMoney owed to government
- tax billStatement of taxes owed
property tax · tax treaty · tax compliance · sales tax · tax return · withholding tax · tax penalty · corporate tax · tax burden · capital gains tax · inheritance tax · excise tax · tax audit · payroll tax · value-added tax · tax season · tax preparer · estimated taxes
- dutiesduty, task, responsibility, ethical duty, professional duty
- taxationtax, income tax, sales tax, tax return, tax refund
- conscriptionconscription, conscript, conscripts, draftee, draftees
- expat taxesforeign income, tax treaty, foreign nationals, offshore income, residency status
tax obligationtax refund
Returned excess withholding
tax rebate · tax credit · subsidy · government grant · entitlement
tax obligationtax credit
Direct reduction of liability
tax exemption · tax-free status · non-liability · tax holiday · tax abatement
obligation, taxing, taxable, taxation, taxpayer, taxpayers, oblige, obligate, obligated