Customs rules - buying gold bullion in Aus & taking it to New Zealand

S

samarkand

New Member
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 :p

From a similar thread

There's no tax/duties to pay on gold bullion (99.99% fine) and silver bullion (99.9% fine) in either Australia or New Zealand, but that's no guarantee you won't strike a customs officer who doesn't know the law and causes you some hassle. It's also a grey area whether you need to declare bullion on your customs arrival card at its legal tender value (carrying over $10,000 of currency) or market value.
Click to expand...

Try Ainslie Bullion or BullionMark
 
House said:
All that cash to spend and you bring her to Brissy?!!! Hope that's where you first met or something cute :p

From a similar thread

There's no tax/duties to pay on gold bullion (99.99% fine) and silver bullion (99.9% fine) in either Australia or New Zealand, but that's no guarantee you won't strike a customs officer who doesn't know the law and causes you some hassle. It's also a grey area whether you need to declare bullion on your customs arrival card at its legal tender value (carrying over $10,000 of currency) or market value.
Click to expand...

Try Ainslie Bullion or BullionMark
Click to expand...

Haha so true
 
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 ?
 
ermat said:
NZ customs informs me there is a 5% "tariff" on bullion, gold and silver, taken into NZ. Is this the case ?
Click to expand...

"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.
 
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.
 
ermat said:
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.
Click to expand...

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.
 
You must log in or register to reply here.
Back
Top