A Proposed Pathway towards future reform of New Zealand’s de minimis threshold

Will Steel, Toby Daglish, Lisa Marriott, Norman Gemmell and Bronwyn Howell

No 19319, Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation

Abstract: Imports into New Zealand are tax free if the duty and GST payable is less than $60. This has resulted in an effective value threshold of between $226 and $399, significantly higher than many of our trading partners. We examine other nations' thresholds and border practices with a view to whether NZ should lower its de minimis threshold. We further examine other options, strongly recommending changing to a minimum customs value definition. However, we do not support collection of duties/GST through financial intermediaries, instead proposing the establishment of a multilateral system. Finally, we outline shortcomings in Customs’ cost - benefit analysis and accordingly present three alternative methodologies for future assessment of the de minimis threshold.

Keywords: GST; imports; duties; value threshold; border practices (search for similar items in EconPapers)
Date: 2013
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https://ir.wgtn.ac.nz/handle/123456789/19319

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Working Paper: A Proposed Pathway Towards Future Reform of New Zealand’s De Minimis Threshold (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcsr:19319

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