Australian Customs
Out of context: Reply #12
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- ultraclone0
Long but hope this helps.
You do not have to pay any GST or Duty if the total of the tax payable is less then $50.00 AU.
To work out what the tax on you parcel is.
1.Covert all prices to Australian dollars including the post.
2. Complete bikes, frames and forks have 5% duty. If you have any of these items work out the 5% and add to you total (tax payable). All other bike parts are duty free.
3. Now you have to work out the GST. This is payable on every thing, all parts, postage and even the newly added duty! Add all this together and then add 10% to the total (tax payable)
4. If the tax payable is under $50 you will not have to pay anything even if customs asks you to clear the parcel (customs will help you do this but ask nicely!) . If the tax is over $50 you will have to pay it though if your parcel is close to this limit and you are lucky Australian custom may not hold it up and you will get it tax free.
Example 1
1 x brake for MTB = $200 US DollarsUSPS Postage = $30 US
Total = $230 US
Divide 230 by 0.70(exchange rate on your invoice) = $328 Australian Dollars
GST on $328 = $32.80
Total tax = $32.80 (under $50 so no tax is payable)
Example 2
1 x forks for MTB = $300 US
Postage = $40 USConvert to Australian dollars separately to work out the duty on the forks.
Divide 340 by 0.70 = $428 AUD
5% duty on $428 =$21 (duty payable on forks)
Divide $40 (postage) by 0.70 = $57
GST is payable on the forks, postage and duty
428+57+21= $506
GST on $506 =50.60
Add the duty to the GST 50.60+21.00 = 71.60
If customs asks you to clear this parcel you would have to pay them $71.60 before they sent you the parcel. If you are lucky they might not hold it up and you would not have to clear it and would receive the fork tax-free.
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I like bikes so this is the best example i can give.