Iain Blakeley

Barrister - Tax Expert - Business Adviser - Director, Professional, Practical, Fast, Affordable

Imports

Australia considers $20 import threshold

It looks like Australia will reduce its $1,000 low value import threshold to $20. http://www.smh.com.au/federal-politics/political-news/gst-on-lowvalue-imported-parcels-moving-closer-20150721-gihfgy.html This issue has been around for ages. The main objection to a...

Australia jumps ahead of NZ in taxing digital commerce

The Australian Government has released draft legislation proposing to apply GST to downloads and streaming of digital content and other services supplied from offshore to Australian consumers. This will affect media such as games, movies, e-books and music downloaded...

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GST on gifts (so Santa is probably not GST registered). 2. GST registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

Global VAT alignment edges closer

At the Global Forum on VAT in Tokyo last week 86 countries signed up to the first agreed framework for applying VAT to internationally traded services and intangibles. The new guidelines set out core VAT principles to be applied when taxing services and intangibles,...

GST and online shopping – is there a cure?

The NZ Government has delayed the Customs / IRD report on GST and online trading to allow the issue to be considered as part of the wider review of how global corporates are taxed. I think the merger of the issues was unavoidable. They are closely linked and the...

Good news

Might as well start the year with a bit of good news, even if it's a little old by now. On 11 December the Government gave us a xmas present with the announcement by the Minister of Customs the Temporary Import period for yachts, launches and small craft will be...

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GST on gifts (so Santa is probably not GST registered). 2. GST registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

At least it’s a start

More pressure from retailers for the Government to remove the iow value import threshold for goods. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11171599 This isn't going to go away. It's part of the wider debate on how to tax the digital...

Importing costs

NZ Customs have a feature on their website called "What's my duty?". It's a great tool for calculating how much GST and other charges you might be up for when you buy stuff on line. Here it is: http://www.whatsmyduty.org.nz/ The calculator isn't intended to be a final...

At least it’s a start

There's a lot of chatter about South Africa's proposed law requiring foreign businesses to charge VAT on sales of digital products to South African residents. If passed the law will cover things like music, videos, software and games sold on line. At the moment, like...

Online trading – again

Once again the issue of internet purchases coming in to NZ GST free is hitting the news. See here In my view this needs to be addressed. The size of the problem will only increase. Having any kind of exemption like this distorts our GST system and favours some at the...

Good news for non resident businesses

Non resident businesses looking to establish supply chains into New Zealand have to go through hoops to register for GST here and recover the GST on their NZ expenses. Often it means they're at a disadvantage when compared to businesses established in New Zealand....

All Black Rugby World Cup jerseys

The furore over being able to buy the new AB jerseys overseas for less than they are sold locally once again calls into question how well our tax legislation is dealing with internet commerce. The pricing of the jerseys overseas would seem to allow them to be imported...

Did this warrant a penalty?

On 15 March 2010 an employee of an importer submitted an import entry form with Customs for wine. She made a mistake on the form which resulted in an underdeclaration of duty of 24k and GST of 3k. She realised the mistake the same night and immediately on turning up...

Low value import de minimis stays at $60

The Minister of Customs has just announced the low value import de minimis is to stay at $60. This follows a review of the threshold which considered whether it should be increased. The review was also to look at how the de minimis applied because it can be confusing...

The important GST policy issues…

IRD Policy have just released their updated work programme for 2010 / 2011. I understand they will consider submissions from anyone who feels there are other more pressing tax policy considerations. Here's what they have in the policy pipeline for GST: - June 2011: a...

Debate on GST and private imports

Today's NZ Herald editorial argues collecting GST on low value imports is more trouble than it's worth and advocates retaining an exempt threshold. Seehere The debate seems to be gaining momentum and the Customs Department are in the middle of a public consultation...