New Zealand Customs Guide. Duty and Tax Threshold Imports are not assessed duty, tax and import fees when sum of duty and tax is >NZ$60 Minimum Tresholds.

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Presentation transcript:

New Zealand Customs Guide

Duty and Tax Threshold Imports are not assessed duty, tax and import fees when sum of duty and tax is >NZ$60 Minimum Tresholds & Duty rules Duty Calculation Duty is calculated FOB* value Most Commonly Imported Items with Duty Rates Clothing -10% Natural health products - 5% Cosmetics - 5% Wallets/handbags - 5% CD & DVDs - 0% Auto parts - 5% Footwear - 10% Jewelry (imitation) - 5% Vitamins - 5% Costumes/festive goods - 5% Free Trade Agreements ASEAN-Australia and New Zealand Free Trade Agreement Australia-New Zealand Closer Economic Relations Trade Agreement Malaysia-New Zealand Free Trade Agreement New Zealand-Hong Kong, China Closer Economic Partnership Agreement New Zealand-People's Republic of China Free Trade Agreement New Zealand-Singapore Closer Economic Partnership New Zealand-Taipei, China Economic Cooperation Agreement Thailand-New Zealand Closer Economic Partnership Agreement Free Trade Agreements (FTA) allows for preferential duty rates. Goods must meet the Rules of Origin outlined within each FTA to qualify for preferential duty rates. *FOB (Free on Board): The import duty is calculated exclusively on the value of the imported goods.

Tax Rules, Import Restrictions & Drawback Tax Calculation Tax is calculated on the CIF* value plus applicable duties Types of Tax GST** Tax Rates Standard rate is 15% Common Import restrictions More information on Import Restrictions can be found at Returns & Drawback No current drawback solution * CIF (Cost, Insurance, Freight: The import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight, and the cost of insurance. ** GST: Goods and Services Taxes

Examples Examples to New Zealand Example 1 Sweater of NZ$150 Example 2 Sweater of NZ$500 Value of the good NZ$150NZ$500 Duty applied Clothing 10% (150*0,10) = NZ$15 Clothing 10% (500*,10) = NZ$50 Tax applied GST 0,15% (150+15)*0,15 = NZ$24.75 Tax 0,015% (500+50)*0,15 = NZ$82.50 Total cost of goods, duty & tax paid by a client (excl shipping costs) NZ$150 = = less than NZ$60 NZ$ =