Subject:
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Re: S@H is finally here!
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Newsgroups:
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lugnet.loc.au
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Date:
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Thu, 4 Oct 2001 13:11:26 GMT
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Viewed:
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528 times
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Thanks for this info Kerry, much appreciated...
--
Jason King
LugNet #665
Kerry Raymond <kerry@dstc.edu.au> wrote in message
news:GKo9GC.2Jx@lugnet.com...
>
> "Ross Crawford" <rcrawford@csi.com> wrote in message
> news:GKnwrr.4G6@lugnet.com...
> > In lugnet.loc.au, Deidre Rushton Brumby writes:
> > >
> > > I'm not sure what the customs duty is worth, I can't actually seem to • find
> > > that info on the customs website.
> >
> > I seem to recall its 5%. I'll check when I get home.
>
> Everyone, stop talking about Customs duty! It does not apply to Lego.
>
> We *used* to have sales tax on Lego, which was levied (somewhat
> unpredictably) by Customs on imported Lego at 28%. This has now been
> replaced by GST, which again is levied (and again probably
> unpredictably) by Customs on imported Lego at 10%. Read all about it in
> the Custom's document "Importing Goods and the New Tax System"
>
> http://www.customs.gov.au/taxref/imports.htm
>
> If you don't want to read the whole thing, the bad news is:
>
> "In general, GST will be charged on imported goods unless the goods are
> covered by an exemption. The GST Act states that the importer will pay
> GST at the same time and in the same manner as customs duty, and that
> the rate of GST applicable on Taxable Importations is 10% of the Value
> of the Taxable Importation."
>
> but the good news is:
>
> "Imports that qualify for certain customs duty concessions are not
> subject to GST. The customs duty concessions that are also non-taxable
> comprise the following items from Schedule 4 to the Customs Tariff Act
> 1995:"
>
> one of which is:
>
> "Items 32A and 32B - "low value goods" on which the revenue payable is
> $50 or less"
>
> This "low value goods" concession reflects the fact that it is generally
> not worth their effort for Customs to chase you to pay amounts of less
> than $50. Since the GST rate is 10%, it seems reasonable to conclude
> that goods valued at $500 or less will get this concession, but goods
> over $500 will be taxed at 10% GST.
>
> So, if you want to buy up to $500 of goods, then you will pay just the
> Lego delivery fee of $90 (or lower where applicable).
>
> If you buy goods of $510 through to $900, you will pay $90 for delivery
> plus $51-$90 in GST. If you had split the goods into two parcels (both
> less than $510), you would pay $180 delivery but no GST, so you are
> still better off with a single parcel.
>
> If you buy goods worth $900 as a single parcel, you pay $90 delivery
> plus $90 GST. As two parcels of about $450 (making sure both are less
> than $510), $180 delivery but no GST. No difference.
>
> If you buy goods worth $910 - $1018 as a single parcel, you pay $90
> delivery plus $91-$101 GST. As two parcels under $510 (assuming you can
> split them so neatly), you would pay $180 delivery but no GST, so you
> would be just slightly better off with two parcels.
>
> If you buy goods worth $1020 as a single parcle, you pay $90 delivery
> plus $102 GST.
> As 2 parcels (both over $510), you pay $180 delivery plus $102 GST. As 3
> parcels (both under $510), you pay $270 delivery but no GST. So one
> parcel is still best.
>
> For goods over $1020, you are still better off with a single parcel, as
> paying $50 for each $500 extra of goods is still less than $90 for an
> extra delivery. For those mathematically inclined, the percentage you
> pay te
>
> So, in conclusion, apart from the $910-$1018 range, you are better off
> with just one parcel. If you are in the $910-$1018, you may save $1-$11
> by splitting the order, *if* you can keep both orders less than $510.
>
> In terms of a percentage of the original purchase price, what happens:
>
> Original price -> Price including shipping/GST -> extra % you pay
> $100 -> $160 -> 60%
> $200 -> $280 -> 40%
> $300 -> $390 -> 30%
> $400 -> $490 -> 22.5%j
> $500 -> $680 -> 18%
> $600 -> $750 -> 25%
> $700 -> $860 -> 22.8%
> $800 -> $970 -> 21.25%
> $900 -> $1080 -> 20%
> $1000 -> $1190 -> 19%
> $2000 -> $2290 -> 14.5%
> $3000 -> $3390 -> 13%
> $4000 -> $4490 -> 23.25%
> $5000 -> $5590 -> 11.8%
> $10000 -> $11090 -> 10.9%
> $100000 -> $110090 -> 10.09% (dream on!)
>
> Kerry
>
>
>
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Message is in Reply To:
 | | Re: S@H is finally here!
|
| "Ross Crawford" <rcrawford@csi.com> wrote in message news:GKnwrr.4G6@lugnet.com... (...) find (...) Everyone, stop talking about Customs duty! It does not apply to Lego. We *used* to have sales tax on Lego, which was levied (somewhat unpredictably) (...) (23 years ago, 4-Oct-01, to lugnet.loc.au)
|
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