Monthly, quarterly, or semiannual returns

# (a)

These rules also apply to section 238-5, HRS.

# (b)

The director may permit a taxpayer to file tax returns and make payments of the tax on a quarterly or semiannual basis during a calendar or fiscal year if the director is satisfied that: (1) granting this permission will not unduly jeopardize the collection of the taxes due, and (2) the taxpayer’s total general excise tax liability for the calendar or fiscal year will not exceed $2,000 for quarterly returns, or $1,000 for semiannual returns.

# (c)

The director also may permit a taxpayer to make monthly payments based on estimated quarterly or semiannual liability, where the payments are to be made on or before the last day of the calendar month following the month in which they accrue, provided the taxpayer files a reconciliation return at the end of each quarter or six-month period during the calendar or fiscal year. Taxpayers shall apply for permission to make monthly payments of general excise tax based on estimated quarterly or semiannual liability on forms prescribed by the department. §18-237-31 to

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