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Taxes on Business Income in Hawaii

April 13, 2006

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Hawaii assesses a corporate level income tax and a personal income tax. So, if you operate a business in Hawaii, then it is very likely that you or your business will be responsible for paying at least one of these taxes. We recommend that you review the following discussions to determine taxes will apply to your business:

• income taxes on business income
• personal income tax

Also, if you're a corporation, LLC, or LLP, you'll also have to pay $25 per year to file an annual report — this is the only franchise tax that will apply to small businesses in Hawaii.

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