If you’re trying to add a managed metadata column to your site, you may see the text “The required feature is not enabled for this column type” in the Term Set Settings. section.
The message is simple enough but does not give you enough information so you can quickly resolve the issue and create a managed metadata column. Well, the feature it requires is the “Register taxonomy site wide field added event receiver” hidden site scoped feature.
To enable, open up Windows PowerShell and type either of the following:
Enable-SPFeature -identity "73EF14B1-13A9-416b-A9B5-ECECA2B0604C" -Url http://localhost