Import taxes?

MidNightBlues · 12-11-07

What do I have to pay on imports??

David.Pagotto · 12-11-07

This is a pritty hard question to answer.
Firstly what do you wish to import? and in what quantity ($$$ value)?
I'll get back to you once i hear back from you.

But typically any import into australia under 1000AUD is free (No gst duties or anything)
Anything over is subject to 10%GST and 5%Duties (On some imports only).
But there are alot of other changes depending on the quantity.

For example: If you import a FCL (full container load) full of a certain commodity you have to pay a variety of other fees onto of of the shipping, gst and duties.
Things like port handeling charges, Port storage fee, Moving fees ect...It builts up fast.

annerz · 18-01-08

Quote:

Originally Posted by David.Pagotto

This is a pritty hard question to answer.
Firstly what do you wish to import? and in what quantity ($$$ value)?
I'll get back to you once i hear back from you.

But typically any import into australia under 1000AUD is free (No gst duties or anything)
Anything over is subject to 10%GST and 5%Duties (On some imports only).
But there are alot of other changes depending on the quantity.

For example: If you import a FCL (full container load) full of a certain commodity you have to pay a variety of other fees onto of of the shipping, gst and duties.
Things like port handeling charges, Port storage fee, Moving fees ect...It builts up fast.

thanx man you are the best ...but i just want to know how much taxs i will pay if i import about 10 kilo of gold from gana to usa and what you think that is the best price for each kilo and what is the best way that i can use to transport it?

nolimits2wealth · 18-01-08

My best advice to you would be to check Aust. Customs website and download : "Documentary Import Declaration Comprehensive Guide" ther are about 50 pages of the things you NEED to know about Importing.
You could also contact a customs broker they will be able to give you some invaluable advice.

nolimits2wealth · 18-01-08

Wow 10kg thats a whole lot of gold, you would need to check up the U.S Customs then, that would have nothing to do with Australian taxes I would think,but hey I may be wrong!
Gold is sold on the the world market price so whatever the going rate is at your time of purchase is what you would pay for it,I don't think you will be getting any discounts.
If I was buying 10kg of gold I would be personally carring it in my hand luggage on a plane.

David.Pagotto · 19-01-08

10kg of gold is a heck of a lot, but I am not sure about the taxes around it. Have a look at the USA customs website and make a few phone calls.

Elven · 19-01-08

Quote:

Originally Posted by nolimits2wealth

Wow 10kg thats a whole lot of gold, you would need to check up the U.S Customs then, that would have nothing to do with Australian taxes I would think,but hey I may be wrong!
Gold is sold on the the world market price so whatever the going rate is at your time of purchase is what you would pay for it,I don't think you will be getting any discounts.
If I was buying 10kg of gold I would be personally carring it in my hand luggage on a plane.

You'd have a couple of very heavy suitcases that could not be carry on luggage. The limits for carry on is 40 lbs (or 20kg), and two per seat.
10 kg is 352.73962 ounces. Gold is currently being sold for around $910.00 per ounce, which means you'll be carrying $320,993.00 (roughly) in your hand baggage.
Why do I have images of drug deals and money laundering here???

Elven

PS The stamp duty alone would be more than $35,000 !

awb123 · 21-01-08

LOL..Yes is does seem rather strange, but to be honest I have seen much stranger businesses operating. To transport gold you should contact a customs agent and have it transported securely.