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HomeMy WebLinkAboutActivity Summary DescriptionsACTIVITY SUMMARY DESCRIPTIONS Filing Frequency How often you are required to file periodic returns: ACCMTH— Monthly ACCQTR — Quarterly ACCSEM— Semiannual Filing Period The appropriate numeric (six digit) Year, Month and Day for the last month of the filing period (e.g., Month of January 2023 = 2023-01-31; Quarterly Period of January through March 2023 = 2023-03-31; Semiannual Period of January through June 2023 = 2023-06-30). Received Date Date payment was received by County of Hawaii or date state tax filing received by State of Hawai'i — Department of Taxation. Transaction ID Record identifier assigned by transaction source (i.e., state return number for state tax filings). Source Source of the transaction: Bulk — Payments received via ACH County — Adjustments to the taxpayer account initiated by the County of Hawaii (i.e., penalty and interest assessments, refunds of duplicate payments, approved exclusions, etc.) Mail — Payments received via mail State — Taxpayer filings reported from State of Hawaii — Department of Taxation, Transient Accommodations Tax Return Form TA-1/TA-2 Website — payments received via payment website Method Method of payment (i.e., American Express, Discover, eCheck, Mastercard, Visa, etc.) or return type for state filings (i.e., TA1, TA2) or status for "Failed" or "Refunded" transactions or transaction type for County transactions (i.e., Refund, Exclusion). Taxable Proceeds' Includes amounts paid to you in the form of cash, goods, or services as compensation for furnishing a transient accommodation without any deductions for costs incurred in the operation of the transient accommodation. Taxable proceeds also includes amounts received for entering into arrangements to furnish transient accommodation and amounts received for mandatory resort fees. The Taxable proceeds do not include the amounts reported under Timeshare Occupancy. County Exclusions Includes amounts approved by the County of Hawaii to be excluded from the transient accommodations tax which are described at www I�awa c"0'Lg1t.y o�a=t FAQS "What about bookings made in advance before the effective date". Timeshare Occupancy2 The unit's fair market rental value to be used in calculating the transient accommodations tax on time share occupancy (TSO tax) at the rate of 3%. HCTAT Hawaii County Transient Accommodations Tax calculated at the rate of 3% on the ' State of Hawaii, Department of Taxation — Form TA- 1/TA-2, Line 3, column C. 2 State of Hawaii, Department of Taxation — Form TA- 1/TA-2, Line 7. Activity Summary Descriptions October 6, 2023 Page 2 of 2 Taxable Proceeds and Timeshare Occupancy less any approved County Exclusions. Penalty and Interest Amounts collected from taxpayers attributed to penalties and interest. Penalty and interest shall be added to and become a part of the County tax in the same manner as penalties and interest are added to and become part of the State transient accommodations tax. s Penalty and interest will be calculated when the payment or filing is made. Penalty and interest will be assessed on a separate Penalty Interest Statement. Total Periodic HCTAT (TAl) Sum of HCTAT calculated at the rate of 3% using the Taxable Proceeds and Timeshare Occupancy reported on TA less any approved County Exclusions. Annual HCTAT (TA2) Total Penalty and Interest Total Payments HCTAT calculated at the rate of 3% using the Taxable Proceeds and Timeshare Occupancy reported on TA2 less any approved County Exclusions. Sum of amounts paid by taxpayers attributed to penalties and interest. Sum of Total Payments column includes Penalty and Interest. s Hawai'i County Code §2-267.