Import Tax Formula:
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Australian import tax consists of customs duty and Goods and Services Tax (GST). Duty rates vary by product type while GST is typically 10% on most goods. The tax is calculated on the CIF (Cost, Insurance, and Freight) value of imported goods.
The calculator uses the following formula:
Where:
Explanation: The calculator first calculates duty and GST separately, then sums them for total import tax, and finally adds this to CIF for total payable amount.
Details: CIF represents the total landed value of goods including product cost, international shipping, and insurance. It's the basis for calculating Australian import taxes.
Tips: Enter CIF value in AUD and applicable duty rate (check Australian Border Force website for correct rates). GST is fixed at 10% for most goods.
Q1: What goods are duty-free in Australia?
A: Many goods from countries with FTAs may be duty-free. Check the ABF website for specific product categories and origin countries.
Q2: Is there a threshold for GST on imports?
A: Since July 2018, GST applies to all imported goods regardless of value (previously AUD$1000 threshold).
Q3: How do I find the correct duty rate?
A: Use the Australian Border Force tariff classification service or consult the Harmonized Tariff Schedule.
Q4: Are there additional charges besides duty and GST?
A: Some goods may have excise duties, and there may be processing fees for customs clearance.
Q5: How accurate is this calculator?
A: It provides estimates based on standard rates. Actual charges may vary based on specific product classifications.