Every Hawaii business must obtain a general excise tax (GET) license to remit general excise taxes by filing Form BB-1 with the Hawaii Department of Taxation. Depending on your industry, you may need to acquire other permits. For example, you may require special permissions if you provide tra...
Hawaii has a 4% general excise tax statewide on the gross income of all businesses, which is generally passed on the consumer as ade facto4.166% "sales tax." (The slight increase because they're taxed for collecting this "tax"!) As of January 1, 2007, the City and County of Honolulu...
Hawaii Sales Tax Hawaii doesn’t technically have a sales tax. However, the state does have a general excise tax that businesses are required to pay. They are allowed to (and often do) pass this tax on to customers. So in effect, Hawaiians statewide pay an extra 4% for services and ...
1) GET – General Excise Tax is due on all rental income (plus cleaning fees collected), regardless of the length of the rental term. On Oahu, the GET tax rate is 4.5%, and must be calculated on the “GE Taxable Income” 2) TAT – Transient Accommodation Tax is due on all rental ...
Corporate Income Tax, Corporate Organization and Qualification Fees, General Excise Sales Use Tax, Property Tax, renewable energy, high technology, biotechnology, environmental remediation technology, resort architecture and engineering, retail, film and television production, ocean science and technology, sea...
Of course, clients’ The Wheeler Group LLC can reach out to us with any specific RMD questions. Since it is highly dependent on your unique situation (i.e. age, holdings, etc.) you need to reach out to your personal financial advisor. Here are some general RMD points of discussion: ...
Hawaii's .5 percent general excise tax increase is its biggest and most regressive ever, and it was passed under three parties: Democrats, a few Republicans who survived Lingle's two elections and Lee's own party, which seems little more than the governor's alter ego - Lingle Party. Facts...
But the OTC's may still be liable for nearly $200 million in back general excise taxes. September 30, 2012 Smokers Find No Paradise in Hawaii Since the passage of Hawaii's strict anti-smoking law in 2006, most Hawaii hotels have converted all of their rooms to be non-smoking. But ...
Regardless if you rent your property short term or long term, we need to talk about tax obligations that come along with collecting rental income in Hawaii. 1.) On all gross rents received you have to pay 4.5% General Excise Tax (GET). This is on the gross rent received, not on the...
Carl Bonham, the executive director of the University of Hawaii Economic Research Organization, said last week the state has had several months of strong tax revenue growth lately, in large part due to income taxes. Excise tax and transient accommodations tax revenue — both of which are...