What is the difference between G-45 and G-49?
Form G-45 is due on or before the 20th day of the calendar month following the end of the filing period. For example, if your filing period ends on January 31st, then your return will be due on February 20th. Form G-49 is due on or before the 20th day of the fourth month following the close of the tax year.
Do I have to file G-45 and G-49?
All filers must file an annual return and reconcilia- tion (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 addi- tion to Form G-45. You must file a Form G-45 even if you do not have any gross income to report for the period.
What is subject to hawaii general excise tax?
General Excise Tax Activities subject to the tax include wholesaling, retailing, farming, services, construction contracting, rental of per- sonal or real property, business interest income, and royalties.
What is Ag 49 tax form?
In addition to form G-45, Hawaii General Excise Taxpayers must complete form G-49 (Annual Return & Reconciliation of General Excise / Use Tax Return) once a year. Form G49 is designed to give you credit for all of the taxes you paid, so if your gross income number is smaller than as expected, you may even get a refund.
How much is general excise tax in Hawaii?
As of the 2020 update, for most businesses in Hawaii the General Excise Tax rate is 4%.
Who is subject to Hawaii get?
Activities subject to GET include wholesaling, retailing, farming, services, construction contracting, rental of personal or real property, business interest income, and royalties. This is not a complete list of activities. 3.
What is G49 tax form?
Form G-49 is a Hawaii Department of Taxation form also known as the “General Excise/use Annual Return & Reconciliation”.
What is the tax form for Hawaii?
Form N-15 is the general tax return form for Hawaii nonresidents and part-time residents. Form N-11 is the general tax return form for Hawaii residents.
How much is GE tax in Hawaii?
How much is Hawaii GE Tax? 2020 UPDATE: The statewide normal tax rate is 4%. But on Oahu, Kauai, and the Big Island there is a 0.5% surcharge. For many wholesalers and manufacturers with a wholesale certificate, the rate is 0.5%.
