The capital city of Hawaii, Honolulu, is a popular travel destination worldwide. Beautiful beaches, a vibrant culture, and a tropical climate make the city well renowned. Understanding the sales tax regulations is crucial if you intend to conduct business in Honolulu in order to stay out of trouble with the law.
The general excise tax (GET) is another name for the sales tax in Honolulu. It is a tax on the gross revenue of Honolulu-based companies. All sales of products and services, including those made at retail and wholesale prices, through rentals, commissions, and even business-to-business transactions, are subject to the tax. In Honolulu, the GET is now 4.5%. Obtaining a Hawaii Business License Renewal A Hawaii business license is required if you intend to conduct business in Honolulu. The Department of Commerce and Consumer Affairs (DCCA) of the State of Hawaii is responsible for issuing the license. The license must be renewed yearly and is only good for one year. You can complete the renewal process online by going to the DCCA website. Your company name, license number, and other pertinent information must be provided. In Hawaii, you can change your business name.
You must submit a name change request to the DCCA if you wish to change your company name in Hawaii. The request can be submitted online or by mail. You must provide any pertinent information as well as your current and new business names. You will be given a new Hawaii business license with your new company name once your request has been accepted. Hawaii Resale Certificates: What You Need to Know An official document known as a resale certificate enables companies to make purchases of products and services without paying sales tax. The Hawaii Department of Taxation issues the certificate to companies who intend to resale the products they have purchased. You must possess a current Hawaii general excise tax license in order to be qualified for a resale certificate.
You must submit an application to the Hawaii Department of Taxation to obtain a resale certificate there. Either online or by mail applications are accepted. Your company name, general excise tax license number, and other pertinent details must be provided. You will be given a resale certificate once your application is accepted, which you can use to make purchases devoid of sales tax.
In conclusion, it is crucial to comprehend the sales tax laws and regulations if you intend to conduct business in Honolulu. The general excise tax (GET), sometimes referred to as the sales tax in Honolulu, has a current rate of 4.5 percent. A Hawaii business license, which needs to be renewed every year, is required in order to conduct business in Honolulu. You must submit a name change request to the DCCA if you want to change the name of your company. A resale certificate, as the name implies, enables businesses to make purchases of products and services without paying sales tax. You must submit an application to the Hawaii Department of Taxation to get a resale certificate.