Excise Spreadsheet Affidavit For Free

An excise tax isn't deductible if it's for a personal expense. You can deduct as a business expense excise taxes that are ordinary and necessary expenses of carrying on your trade or business.

Forms G-45, G-49, and GEW-TA-RV-6 can be filed and payments made electronically through the State's Internet portal. For more information, go to tax.hawaii.gov/eservices/. The GET is a tax imposed on the gross income you receive from any business activity you have in Hawaii.

1. What is the general excise tax (GET)? 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 engaging in the business activity.

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.

Hawaii General Excise Taxes can often be deducted on federal schedules E (for rental income) and C (for sole proprietorship income). If you have a multi-member partnership or corporation, GE Tax can often be written off on the appropriate income tax forms.

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.

The county surcharge only applies to transactions subject to the 4.0% GE and use tax rate. The county surcharge does not apply to activities taxed at the 0.5% rate (e.g., wholesaling) or the 0.15% rate (i.e., insurance commissions).

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.

Filing the GE Tax (GET) Periodic Return The GET is a privilege tax imposed on the gross income received by every person engaging in business, including a one-time event(e.g., fundraiser, exhibition, conference) in the State of Hawaii.

Form G-49 is a summary of your activity for the entire year. This return must be filed in addition to Form G-45. Schedule GE (Form G-45/G-49) - If you are claiming exemptions on Forms G-45 and G-49, you must complete and attach Schedule GE (Form G-45/G-49) to Forms G-45 and G-49.