What is the penalty for GE tax in Hawaii?

What is the formula for calculating penalty? The penalty for failure to file a return on time is calculated at 5% per month, or part of a month, on the unpaid tax up to a maximum of 25%.

What is Hawaii tax form G-49?

Form G-49 - All filers must file an annual return and reconciliation (Form G-49) after the close of the taxable year. Form G-49 is a summary of your activity for the entire year. This return must be filed in addition to Form G-45.

When can you file a g49 in Hawaii?

Hawaii's Annual Return & Reconciliation of General Excise / Use Tax Return (Form G-49) are due the 20th day of the fourth month following the close of the taxable year.

Who has to pay general excise tax in Hawaii?

General Excise Tax The GET is a privilege tax imposed on business activity in the State of Hawaii. The tax is imposed on the gross income received by the person en- gaging in the business activity. The GET applies to nearly every form of business activity.

When can you file a g49 in Hawaii?

Form G-49 is due on or before the 20th day of the fourth month following the close of the tax year. For taxpayers on a calendar year, this return will be due on April 20th.

How often do you have to file Hawaii general excise tax?

Filing Frequency You must file monthly if you will pay more than $4,000 in GET per year. You may file quarterly if you will pay $4,000 or less in GET per year. You may file semiannually if you will pay $2,000 or less in GET per year.

Who must pay Hawaii general excise tax?

Hawaii does not have a sales tax; instead, we have the GET, which is assessed on all business activities. The tax rate is 0.15% for Insurance Commission, 0.5% for Wholesaling, Manufacturing, Producing, Wholesale Services, and Use Tax on Imports For Resale, and 4% for all others.

Why do you need a GE tax license in Hawaii?

You need to get a General Excise Tax permit in Hawaii if you meet economic or physical presence nexus requirements. General Excise Tax is different than sales tax in that sales tax is a tax on customers, while General Excise Tax is a tax on businesses.

Get Form G 49

Q: When can you file a g49 in Hawaii?

Hawaii&#039;s Annual Return &amp; Reconciliation of General Excise / Use Tax Return (Form G-49) are due the 20th day of the fourth month following the close of the taxable year.

Clear Form Schedule GE Form G-45/G-49 REV. 2006 STATE OF HAWAII DEPARTMENT OF TAXATION General Excise/Use Tax Schedule of Exemptions and Deductions For Period Ending / MM/YY or Tax Year Ending / / MM/DD/YY Hawaii Tax I. ACT. CODE AMOUNT ACTIVITIES UNDER CHAPTER 237 HRS GENERAL EXCISE TAX LAW SUBTOTAL General Excise Tax Exemptions/Deductions SUBTOTAL Use Tax Exemptions/Deductions E ACTIVITIES CITY COUNTY OF HONOLULU SURCHARGE SUBTOTAL City County of Honolulu Surcharge Exemptions/Deductions 00 GRAND TOTAL Transfer to Form G-45 line 4 Form G-49 line 10 Form G-54 line 13 or Form G-55 line 15 If more space is needed please attach your schedule. D. No* W LIST DETAILS CONCERNING EXEMPTIONS AND DEDUCTIONS CLAIMED. Note Most ordinary business expenses are NOT DEDUCTIBLE e*g* materials supplies etc* on your general excise tax return* If claims are not explained here deductions and/or exemptions will be disallowed and proposed assessments prepared against you. If you are claiming a deduction for payments to subcontractors you must indicate the subcontractor s name and general excise Hawaii Tax I. D. No* For subleases see Form G-72. For wholesale sales of amusements see Form G-81. In the Act. Code column for the exemptions/deductions you have claimed for your activity ies enter the Part and line number on your general excise tax return for the activity e*g* the activity code for Wholesaling is P11 since Wholesaling is Part I line 1 for Contracting it is P23 since Contracting is Part II line 3 for Imports for Consumption it is P210 since Imports for Consumption is Part II line 10 for Insurance Commissions it is P3 since Insurance Commissions is Part III. D. No* W LIST DETAILS CONCERNING EXEMPTIONS AND DEDUCTIONS CLAIMED. Note Most ordinary business expenses are NOT DEDUCTIBLE e*g* materials supplies etc* on your general excise tax return* If claims are not explained here deductions and/or exemptions will be disallowed and proposed assessments prepared against you. If you are claiming a deduction for payments to subcontractors you must indicate the subcontractor s name and general excise Hawaii Tax I. If you are claiming a deduction for payments to subcontractors you must indicate the subcontractor s name and general excise Hawaii Tax I. D. No* For subleases see Form G-72. For wholesale sales of amusements see Form G-81. In the Act. Code column for the exemptions/deductions you have claimed for your activity ies enter the Part and line number on your general excise tax return for the activity e*g* the activity code for Wholesaling is P11 since Wholesaling is Part I line 1 for Contracting it is P23 since Contracting is Part II line 3 for Imports for Consumption it is P210 since Imports for Consumption is Part II line 10 for Insurance Commissions it is P3 since Insurance Commissions is Part III. D. No* W LIST DETAILS CONCERNING EXEMPTIONS AND DEDUCTIONS CLAIMED. Note Most ordinary business expenses are NOT DEDUCTIBLE e*g* materials supplies etc* on your general excise tax return* If claims are not explained here deductions and/or exemptions will be disallowed and proposed assessments prepared against you. If you are claiming a deduction for payments to subcontractors you must indicate the subcontractor s name and general excise Hawaii Tax I. D. No* For subleases see Form G-72. For wholesale sales of amusements see Form G-81. In the Act. Code column for the exemptions/deductions you have claimed for your activity ies enter the Part and line number on your general excise tax return for the activity e*g* the activity code for Wholesaling is P11 since Wholesaling is Part I line 1 for Contracting it is P23 since Contracting is Part II line 3 for Imports for Consumption it is P210 since Imports for Consumption is Part II line 10 for Insurance Commissions it is P3 since Insurance Commissions is Part III.

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