Step-By-Step Instructions For Filling In Your Form G-45 (Periodic Return) (Page 4 of 11) in pdf

TOP OF PAGE 2

(Figure 6)

Step 18 — Please complete the information at the top of the page as it is entered on Page 1 at the top of the return.

Figure 7. Calculating the General Excise Tax on Insurance Companies @.15% (.0015) and the City & County of Honolulu Surcharge

Tax @ 1/2 of 1% (.005)

PART III — INSURANCE COMMISSIONS @ .15% (.0015)

(Figure 7)

Step 19 — Enter your insurance commissions in Column a.

Step 21 — Subtract Column b from Column a, and enter the result

in Column c, Taxable Income, and on Page 2, line 23, Column (a)

Step 20 — If you have allowable exemptions/deductions, enter the

(see Figures 7 and 9). IF Column b is more than Column a, see

total in Column b. If you do not have any exemptions/deductions,

“When Form G-45, Column b is Greater Than Column a.”

enter zero (0).

Step 22 — Follow Step 6 for any amounts claimed in Column b.

PART IV — CITY & COUNTY OF HONOLULU SURCHARGE TAX @ ½ OF 1% (.005)

(Figure 7)

z Amounts of sales assigned to the Oahu Taxation District by a

Step 23 — Enter your gross Oahu taxable income in Column a.

seller who does not have Oahu nexus; and

z If you did business in only the Oahu District, enter the amount

z Gross receipts received under a written contract entered into

from Form G-45, Part II, line 17, Column c.

before June 30, 2006, which does not allow for the pass-on of an

z If you did business in more than one District, including the Oahu

increased rate of tax.

District, enter the amount from Form G-75, Part II, column a, line

z Gross receipts received for which the GET exemption is

17, Oahu District Taxable Income.

temporarily suspended under Act 105, SLH 2011.

See

Step 24 — If you have allowable County exemptions/deductions,

Department of Taxation Announcement No. 2011-09 for more

enter the total in Column b. If you do not have any exemptions/

information.

deductions, enter zero (0).

Step 25 — Subtract Column b from Column a, and enter the result

in Column c, Taxable Income, and on Page 2, line 24, Column (a)

Allowable County exemptions/deductions include:

(see Figures 7 and 9). IF Column b is more than Column a, see

z The additional sublease deduction from Form G-72, line 6;

“When Form G-45, Column b is Greater Than Column a.”

z The additional deduction for wholesale amusements from Form

Step 26 — Follow Step 6 for any amounts claimed in Column b.

G-81, line 6;

Figure 8. Completing the Schedule of Assignment of Taxes By District

PART V — SCHEDULE OF ASSIGNMENT OF TAXES BY DISTRICT

(Figure 8)

Step 27 — If you did not have any activity for the period, darken the

3) IF you did business in MORE THAN one District, darken the

oval for your District. Otherwise:

oval “MULTI” and attach Form G-75, Assignment of General

Excise/Use Taxes By Districts.

1) IF you did business only in the OAHU District, darken the oval

IMPORTANT: ALL taxpayers MUST complete Part V and may

“Oahu”.

be subject to a penalty of 10% of the combined State and county

2) IF you did business in only ONE District OTHER THAN Oahu,

surcharge taxes for noncompliance.

darken the oval for that taxation district.

PART VI — TOTAL PERIODIC RETURN

(Figure 9)

Step 28 — Multiply the taxable income amount on line 21, Column

including the cents, on line 22, Column (c). The result is the General

(a) by the tax rate of .005 (line 21, Column (b)) and enter the

Excise and Use Taxes @ 4% (.04) due. If the result is zero, enter

result, including the cents, on line 21, Column (c). The result is the

“0.00”.

General Excise and Use Taxes @½ of 1% (.005) due. If the result

Step 30 — Multiply the taxable income amount on line 23, Column

is zero, enter “0.00”.

(a) by the tax rate of .0015 (line 23, Column (b)) and enter the

Step 29 — Multiply the taxable income amount on line 22, Column

result, including the cents, on line 23, Column (c). The result is the

(a) by the tax rate of .04 (line 22, Column (b)) and enter the result,

Page 4

Step-By-Step Instructions For Filling In Your Form G-45 (Periodic Return) Page 4

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