NZ Customs is proposing to relax the low value asset threshold for imported goods. Here’s a paper they’ve prepared for Government’s consideration.
In essence NZ Customs suggests allowing more low value goods to be imported without GST or other customs charges applying.
This is interesting timing given Australia is reviewing whether they should be tightening the rules for duty free imports to protect domestic retailers who say they are unfairly prejudiced by the ability of consumers to buy low value products from offshore internet sites like Amazon etc.
From a simplicity perspective the NZ Customs proposal is appealing. The current threshold works in an unnecessarily complicated way.
Nevertheless, as consumers make greater use of the ability to buy goods directly from overseas I can well imagine rising pressure from our retailers to remove or at least reduce the threshold here.