Hawaii withholding return filing changed from monthly to quarterly

Hawaii legislation has been enacted that changes the frequency of filing returns of income taxes withheld on wages from monthly to quarterly for all employers, effective January 1, 2018. The frequency for withholding tax payments will not change. An employer whose liability for taxes withheld exceeds $5,000 but does not exceed $40,000 annually must remit the complete amount of tax withheld monthly on or before the 15th day of the calendar month following the month for which the taxes have been withheld. Employers whose liability for taxes withheld does not exceed $5,000 may continue to remit the completed amount of tax withheld with their quarterly returns, and employers whose liability for taxes withheld exceeds $40,000 annually must continue to remit the complete amount of tax withheld on a semiweekly schedule. (S.B. 1007, Laws 2017, effective as noted.)
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