There are 1 blog entries for April 2011.
Wednesday, April 20th, 2011 at 10:26pm. 3213 Views, 0 Comments.
GET and TAT Licenses
A few months ago a customer bought an Ala Moana Hotel Condo unit which was in the hotel rental pool. In order to keep their unit in the hotel rental pool, one of the procedures required by the hotel was that the new owner obtain General Excise Tax (GET) and Transient Accommodations Tax (TAT) licenses. We'll explain how to get these licenses in this article.
What Are These Licenses For?
General Excise Tax is similar in some respects to a sales tax. When you buy something at a store, GET is usually added on to the purchase price. GET also applies to independent contractors, such as landlords, realtors, handymen etc. The State of Hawaii collects GET at several different levels.
Transient Accommodations Tax is also…