The New Zealand Customs Service has launched What’s My Duty?, an import duty estimator to help people buying goods online know how much duty and GST they may be liable for, plus import transaction and biosecurity fees.
“The rise in online shopping has been phenomenal,” says Carolyn Tremain, Comptroller of Customs, “However a lot of people buying goods online don’t realise that they may have to pay duty and GST when the goods arrive into New Zealand — what they’re actually doing is importing.”
What’s My Duty allows shoppers to choose from a list of the most common products bought online and calculates the import duty and GST required to be paid.
If the amount to pay is less than $60, then the amount is waived under the de minimis provision of the Customs and Excise Act 1996.
For most items, this means that there’s nothing to pay if the goods cost less than $400.
Customs collected over $11.3 billion in Crown revenue in the 2011/12 financial year.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Light rail the winner in latest Auckland Transport turnaround
- Brexit aftermath: disdain, the elites, and the warning for conservative parties everywhere
- Will people voluntarily stop owning cars within 20 or 30 years?
- Uber launches free Pandora personalised music for its Kiwi, Australian and US drivers
- Auckland council puts debt issuing plans on ice over Brexit concerns
Most listened to
- BNZ's Jason Wong says the movements in the currency market last week were some of the biggest in history
- CBL's Peter Harris on uncertain times in the UK insurance industry
- Govt performing an awkward political U-turn on foreign trusts. Rob Hosking with John Shewan and John Key
- Trade Minister Todd McClay says plans for an FTA with the EU will not be hindered by the Brexit
- Oxford University academic Malcolm McCulloch predicts the imminent death of the internal combustion engine