Good news: Hawaii doesn’t have a sales tax, but it does impose the general excise tax (GET) “at every level of transaction on goods and services… .”
The GET is 4% throughout most of Hawaii and 4.5% on Oahu, but the state allows a business to charge their customers a maximum of 4.712% to help recoup some of their total GET.
Our general excise tax will be going up in 2019.
Please see the below link for the State Website for more information about this.
The new General Excise Rate for the County of Hawaii is 4.25%. They have added on a surcharge of 0.25%.
The max pass-on rate for the County of Hawaii has increased from 4.1666% to 4.4386%.
The Transient Accommodation tax has not changed.
If you have any questions about buying or selling in Hawaii be sure to give us a call at First Island Realty: (808) 930-3610 or email FirstIslandRealty@gmail.com