I know that you will get charged import taxes for good valued over $1000,however, are the shipping costs included or excluded from that calculation? It's not clear on the numerous websites that I've checked.
Import Duty Calculation - Includes or Excludes Postage Costs?
C0mbat on 29/04/2018 - 08:37
Last edited 29/04/2018 - 09:25 by 1 other user
Last edited 29/04/2018 - 09:25 by 1 other user
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Actually, this gets complicated a little bit.
Custom Duty is calculated on the value of the good excluding freight.
Then GST is calculated on Value of goods + Custom Duty + Freight.
Mr Hyde’s 2nd comment is correct.
The Customs value will come down to Customs exchange rate used which is generally the date the goods are shipped.
Exchange rates are found here
https://www.homeaffairs.gov.au/busi/duty/exch
Excluded
Maybe to elaborate on my original question, the value of the goods is just over $900 (baby stuff) but the freight takes it to $998 on today's exchange rate. Any movement in that rate could send it over $1000.
If item itself is $900 and there won't be import charges. Anything less than $1000 in item value (excluding shipping) is no import charges. Note on July things will be different story.
Thanks for this. What is changing in July?
Gerry Harvey's Whinger Tax.
10% GST on ALL imports (may include shipping) regardless of value plus a $5 handling fee.
Was supposed to happen last year but got delayed. See what happens in this years budget.
Excluded - the same goods sent by private jet or via a cargo ship would be taxed the same - not based on their shipping cost. They are taxing the goods, not the service to ship it to you.
Included