How Goods Are Taxed When Imported Into Australia

Welcome to Season 1 Episode 8

In this episode of the Platinum Freight® podcast, Peter McRae discusses how goods are taxed when imported into Australia.

Peter provides insights on how customs brokers can help importers navigate the complexities of customs valuation and ensure compliance with Australian regulations.

Show Notes

• Goods under 1000 AUD are exempt from import duty and GST.
• Goods over 1000 AUD are assessed for import duty and GST.
• Additional taxes may apply for specific goods such as wine and luxury cars.
• Devaluing commercial invoices to reduce tax liability can lead to penalties and compliance issues.
• Customs brokers can help importers navigate customs valuation and ensure compliance with regulations.