Vocab Bloom Hub

tax liability

/tæks ˌlaɪəˈbɪlɪti/

Traducción: Cantidad total de impuestos que una persona física, empresa u otra entidad está legalmente obligada a pagar a la administración tributaria, como el gobierno, en función de sus ingresos, patrimonio o transacciones.

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phrase

/tæks ˌlaɪəˈbɪlɪti/C1formallegal
  • esCantidad total de impuestos que una persona física, empresa u otra entidad está legalmente obligada a pagar a la administración tributaria, como el gobierno, en función de sus ingresos, patrimonio o transacciones.

The total amount of tax that an individual, business, or other entity is legally obligated to pay to a taxing authority, such as the government, based on income, property, or transactions.

  1. Legal obligation to pay taxB2formal

    The total amount of tax that an individual, business, or other entity is legally obligated to pay to a taxing authority.

    esobligación tributaria

    • The company's tax liability increased due to higher profits.
    • He hired an accountant to calculate his annual tax liability.
    • Failing to pay your tax liability can result in penalties.
  2. Financial responsibility for taxesB2formal

    The financial debt or responsibility for taxes owed, often calculated based on income, property, or sales.

    esobligación tributaria

    • The new law reduced the tax liability for small businesses.
    • She was surprised by her high tax liability this year.
    • Proper deductions can lower your overall tax liability.