Hawaii DOT Publishes Guidance on General Excise Tax for Discounted Sales

The Hawaii Department of Taxation (DOT) Sept. 16 published a guidance on how the general excise tax (GET) applies to discounted sales. The DOT clarifies that the seller is subject to GET on the full price of a discounted item in certain instances as provided by the statute. [Haw. Dep’t of Tax’n, Tax Information Release No. 2024-03, 09/16/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.