Hawaii GE Tax Information:
GE Tax takes over 8% from low-income families but only 3% from high income. GE Tax is 4% for most businesses in Hawaii. Your situation may need more forms. Monthly if over $4,000. Quarterly under $4,000. Semi-annually under $2,000. Forms are due the 20th of the month after the period ends. File GET tax form G-45 through the year. The filing depends on your total GET amount. You can deduct GET taxes paid on your federal taxes.
GE Tax Filing and Procedures:
GE license required on all income. For a one-time event, complete Form BB-1 to register. Use Form G-49 to summarize activity for the year.
Out-of-State Sales and Tax Information:
Out of state sales may owe tax there, not Hawaii. See "Introduction to Use Tax." Most expenses are deductible, like schedules C and E. GE IDs now start with GE. Use Form N-200V for payments without a return. Likely need both G-45 and G-49. Can deduct GE on federal schedules E and C mostly. Take deduction in the year paid, not year owed. If over $4,000 total annually, file G-45 monthly. Quarterly under $4,000.
Hawaii GE Tax Calculation:
GE Tax is 4% for most businesses in Hawaii. Oahu and Kauai have a 0.5% surcharge. Big Island has a 0.25% surcharge to fund projects. GE Tax is like a sales tax on "gross" income, not "net." The filing depends on your total GET amount. Monthly if over $4,000. Quarterly under $4,000. Semi-annually under $2,000. Forms are due the 20th of the month after the period ends. You can deduct GET taxes paid on your federal taxes.