Cargo Online Pty Ltd

Duty & Taxes

DUTIES & TAXES - The Duty Free scheme for migrants was withdrawn in 1989. The 'Import Duty' and 'Goods and Services Tax' can sometimes be levied on the ORIGINATING COUNTRY Purchase Price (less any depreciation allowance) but more likely will be on the Australian ‘as landed’ Value which can be as low as 50% of the actual Australian Market Value. The rates, payable to the Australian Customs Service, at the Australian entry port, are:

• vehicles up to 30 years old including Forward Control Vehicles: 10% Duty + 10% Gst
• 4wd ‘Off Road’ Vehicles & Commercial Vehicles: 5% Duty + 10% Gst
• vehicles over 30 years old & Motorcycles: 0% Duty + 10% Gst

The Duty is levied on the ‘Customs Value’ only. The Gst is levied on the ‘Customs Value’ + the Duty + the total Cost of Shipment to Australia figure.

LUXURY CAR TAX (LCT) - This is an additional tax and is levied at a rate of 25% on all Vehicles, except Motorcycles and some Commercial vehicles, with a current Gst Inclusive value in excess of A$57,123 (figure set annually by the Australian Taxation Office). LCT is only payable on the amount in excess of a Gst inclusive 'break point' and will only be levied in very few instances as the ‘break point’ only relates to cars with a customs value over about £18,000/A$43,000.

DEPRECIATION ALLOWANCES - only applies to originating country Purchase Price valuation method and if a vehicle was purchased before 2nd March 1998. The maximum allowance of 76% is for cars owned over 6 years.

SUMMARY

(Duty is levied on the Customs Value (CV) & GST is levied on the CV + Shipping Costs + Duty)
(Luxury Car Tax (LCT) is additional on high value vehicles only)