Announcement No. 2021-01 - Laserfiche WebLink

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Hawai'i TAT Announcement No. 2021-01 December 10, 2021 Page 2 of 2 Tax Returns Under Hawai'i County Code section 2, the County Director of Finance has the authority to prescribe how periodic and annual HTAT returns are filed. Per the Director of Finance, transient accommodations tax returns filed with DOTAX will be deemed to have been filed with the County of Hawai'i also. Therefore, taxpayers who are subject to the HCTAT will only need to file the Forms TA-1 and TA-2 with DOTAX, as they are already required to do.' Taxpayers subject to the HCTAT will not need to file separate HCTAT returns with the County of Hawai'i. HCTAT Payment Due Dates HCTAT payments are due on the same date that the State TAT returns and payments are due. Thus, payments are due on or before the 20th day of the calendar month following the close of the filing period. For periodic returns, taxpayers are required to file Form TA-1 on a monthly, quarterly, or semi- annual basis. • For monthly filers, the first HCTAT payment is due on or before February 22, 2022. • For quarterly filers, the first HCTAT payment is due on or before April 20, 2022. 0 For semi-annual filers, the first HCTAT payment is due on or before July 20, 2022. The annual reconciliation State TAT return (Form TA-2) is due on or before the 20th day of the calendar month following the close of the taxable year. As a general rule, a HCTAT payment will only be due when filing Form TA-2 if taxable gross rental proceeds or fair market rental value attributable to Hawai'i Island is reported on Form TA-2 that was not reported on Form TA-1 during the taxable year. If a HCTAT payment is due, payment must be made by the deadline to file Form TA-2. For calendar year taxpayers, the Form TA-2 is due April 20, 2023. Therefore, calendar year taxpayers who have a HCTAT payment due with Form TA-2, must pay on or before April 20, 2023. How to Calculate and Make HCTAT Payments The HCTAT payment due is the sum of the taxable gross rental proceeds (including resort fees) and fair market rental value attributable to Hawai'i island, multiplied by 3 percent. For a monthly filer, the first HCTAT payment due will equal the taxable gross rental proceeds and fair market rental value attributable to Hawai'i island, as reported on the taxpayer's January 2022 TA-1, multiplied by 3 percent. As mentioned above, this first payment is due on or before February 22, 2022. Where to Find Information about HCTAT Please visit our website at www.hawaiicounty.2ov/tat for frequently asked questions or contact our office by email at hawaiicountvtat(a,hawaiicounty.i!ov. An online payment option will be available prior to the February 1, 2022, deadline for the first TAT payment, so please continue to check our website for updates and links to additional resources. DOTAX will not be able to answer any questions regarding the HCTAT. HRS §§ 237D-6, 7.