Release 25/11/19 – Customs (NZ) – GST on Low Value Goods changes (IM1)

Import Declaration

1. Other Information Codes OSR, OSP & LVX are added to the following screens
   • Part Masterfile
   • TLF Masterfile
   • Supplier Masterfile
   • Supplier Invoice
   • Import Declaration (Line Code)
2. OSP – O/S Supplier Prepaid GST Indicator
   • The code is used to indicate if GST has been collected by an online vendor.
   • Two value Y/N are available as options
     • If Yes is selected for High Value Goods, GST is payable on Duty/Levy at the border. (GST is not charged on Freight & Insurance)
     • If No is selected for High Value Goods, full GST is payable on current logic at the border.
     • If Yes is selected for Low Value Goods, GST is not payable at the border.
     • If No is selected for Low Value Goods, GST is not payable at the border.
3. OSR – O/S Supplier GST number
   • The code is used to declare the O/S supplier’s GST registration number in IRD.
   • The value will be validated by TSW.
4. LVX – Low Value Goods Exclusion
   • The code is used to indicator the goods which are excluded from Low Value Goods Processing
   • Duty/GST needs to be paid as normal at border irrespective of the value.
   • The goods are allocated on tariff group 2203, 2204, 2205, 2206, 2208, 2402, 2403
5. No Combined Fee is payable if the total customs value for the import declaration is not greater than NZD 1,000.
6. If the Date of Import on Import Dec is before 1st Dec 2019, current duty/GST calculation logic applies.
7. If the Date of Import on Import Dec is on or after 1st Dec 2019, new duty/GST calculation logic applies.