GOLD BULLION Hope someone can help - cant find information on NZ customs website. We are visiting Brisbane next week for our 10 wedding anniversary and I want to buy my wife a special present - I thought perhaps 10 x 1 ounce gold bars for 10 wonderful years ! 1.Anyone know if you need to declare gold bullion when flying to New Zealand from Australia - are they classed as a 'cash' equivalent which has a max $10,000 that should be declared? 3. Any duty or GST to pay when arriving in AKL 2. Last question - where to buy the genuine article in Brisbane? (After seeing reports of counterfeits, looking to purchase from a dealer of repute) Thanks
All that cash to spend and you bring her to Brissy?!!! Hope that's where you first met or something cute From a similar thread Try Ainslie Bullion or BullionMark
Thanks everyone for in info. :lol: Why Brissy?......well we lived in Caloundra for some time and have lots of friends in the Queensland area. But a follow on to this is that we are off on a tour Canada/USA/UK on 10th June. The Globetrotting Poms
Purchase gold necklaces, bracelets, bars and have them put on a china and were it back in as Jewellery and there nothing they can do. It is no longer Bullion it is jewellery. Just Like Mr T and all his Gold necklaces.
NZ customs informs me there is a 5% "tariff" on bullion, gold and silver, taken into NZ. Is this the case ?
"Taken" meaning by you personally? I regularly buy from Australia and I've been never hit by any tax or surcharge, although the content is clearly declared as pure bullion.
See this thread - particularly the posts by bricklayer: http://forums.silverstackers.com/to...and-or-silver-into-new-zealand-on-my-whv.html
http://www.customs.govt.nz/news/resources/tariff/theworkingtariffdocument/Documents/Section XIV.pdf Gold with purity of at least 99.5% and silver of at least 99.9% are exempt from duty (check 71.06 and 71.08 in the linked doc)
Reply from NZ Customs to my question this week. There are no Customs import restrictions on the importation of silver. Minted or investment bars, and ingots of silver attract 5% tariff duty. Goods that are considered to be fine metal are exempt from Goods and Services Tax (GST). Fine metal includes silver, in any form, of a fineness of not less than 99.9 percent. Tariff duty is assessed on the Customs value. The Customs value is generally the transaction value of the goods when sold for export to New Zealand. If the silver ingots have not been purchased recently, an alternative method of valuation may need to be used.
Uh? My take is that they don't understand the question, and even less their answer. Just point them to the page of the tariff book I posted before. There is no tariff duty whatsoever for silver 99.9% or better. And if you take with you less than 10k NZD worth of silver (which is more than your hand luggage allowance anyway) you don't even have to declare anything.