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 ....
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How to fill out the Form G 49 online
Filling out the Form G 49 online is a streamlined process that allows users to report general excise and use tax exemptions and deductions. This guide provides step-by-step instructions to help you complete the form accurately and efficiently.
Follow the steps to complete the Form G 49 online.
- Click ‘Get Form’ button to access the form and open it in the online editor.
- Fill in your Hawaii Tax I.D. Number in the designated field. Ensure that this number is correct to avoid any issues with your submissions.
- In the ‘Exemptions’ and ‘Deductions’ section, list the details of the claims you are submitting. Make sure to provide accurate and complete information to avoid disallowance of claims.
- Enter the appropriate Act. Code for each of the exemptions or deductions you've claimed. Refer to your general excise tax return for the correct Part and line numbers associated with your activities.
- Calculate the subtotal for general excise tax exemptions and deductions, and enter it in the corresponding field.
- Proceed to fill in the section for use tax exemptions and deductions, and calculate the subtotal accordingly.
- If applicable, include details for activities under the City & County of Honolulu surcharge, and provide the subtotal for this section.
- Finally, calculate the grand total of all exemptions and deductions. Transfer this total to the appropriate lines on Form G-45, Form G-49, Form G-54, or Form G-55 as instructed.
- Review all entries for accuracy, then save your changes. You can download, print, or share the form directly from the online editor.
Complete your Form G 49 online today to ensure your tax exemptions and deductions are accurately reported.
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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.
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.
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.
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.
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.
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.
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%.
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