Following on from earlier posts about the exempt threshold under which duty and GST does not have to be paid on imported goods (known as the “de minimis” amount) there has been an important development.
From 1 October, when the GST rate increases to 15%, a new threshold will be in place. It will be $60 (instead of the current $50).
This means, it will be possible to import goods free of GST and duty provided the total import duty and GST payable on the goods is less than $60. This means the exemption will continue generally to apply to imports valued at $399 or less.
This is great news and ensures the GST rate increase will not impact the exempt threshold.
Note however, if GST is payable on the goods you import, because for example the total GST / Duty payable is more than $60 then the applicable rate of GST on imports cleared from 1 October will be 15%.