Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Customs and MAF Increase Fees

Import News from the Importers Institute:

Customs and MAF Increase Fees

From 1 July, the New Zealand Customs Service will start collecting a new 'Biosecurity Levy' of $12.50 per shipment on behalf of MAF.

This will be added to their own CIT - Customs Import Transaction Fee. The Service said, "these import transaction fees are applied to cover the time and costs associated with processing imports and are used to fund border risk management activities." They used to be funded from general taxation.

The new fees will also apply to some private imports and shipments of personal effects which were previously exempted.

The Customs Service advises that the GST increase from 12.5% to 15% on 1 October will apply based on the actual date of arrival of the goods -- not the date when they are cleared through Customs. If goods are cleared in September, but arrive in October, the rate will be 15%. Conversely, if goods arrive in September but are cleared in October, the rate will be 12.5%.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Hospitality NZ: Hospitality Wages Jump 9% To Pass Living Wage
Wages and salaries across the hospitality sector continue to increase despite businesses having to battle through some of the toughest trading periods in living memory... More>>



Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>