Before importing a vehicle from Japan to NZ, or the larger Oceania, there are certain things that you should take into account. However, the strong market network established among these two countries can make importing cars extremely easy. Here, we can closely learn about the taxes included while importing cars from Japan to NZ. We'll take a look at some of the tips that can facilitate the overall import procedure. To get started with this process, you need to contact an Entry Certifier. Before you import cars from Japan to NZ, you can contact a professional entry certifier to get the car transported to the entry certifier's location. The entry certification process is similar for cars imported for the owner's use and the ones that are imported for resale. The vehicles in New Zealand are meant to be driven on the road's left side. So, the left-hand drive cars must be converted as a topmost priority. However, if you are importing a used car from Japan to New Zealand that has been in use for more than twenty years, it can be exempted from this rule.
This rule is applied to similar items such as boats as well. Put, if you are a first-time traveler, resident, or returning citizen to New Zealand and you possess a car with you, you'll be granted free entry. However, a few conditions must be fulfilled first, as they have been mentioned here.
If you fail to qualify for the motor vehicle's concessionary entry, then you'll be required to pay these amounts in the form of duty:
1.Motorcycles and cars have been exempted from the section of tariff duty.
2.The motorcycles and cars will be subjected to GST or goods and services tax of fifteen percent.
3.This tax is levied on all goods that enter the boundary of New Zealand from different countries.
The import duty you will be paying on your car's import will be ascertained after the valuation process of that car during the time of entry. However, the motor vehicle's normal valuation process will depend on the price that has been paid overseas. This amount will include the money paid for registration fees and insurance by the retailer. If any depreciation is applicable, it has to be deducted. So, the necessary amount as a part of depreciation will be deducted from the import price. If a rebate is provided in the past in the context of overseas duties, it shall be deducted from the price. However, for the latter one, proper evidence has to be submitted.
The other adjustment is available in the process of alternative valuation. If the information provided about the vehicle's purchase process is insufficient, the alternative valuation option is used by the NZTA. The process of alternative valuation will be used in the following cases:
1.If the vehicle has been gifted to you free of cost
2.If you purchased the vehicle at a very cheaper rate
3.If the vehicle has been gone through modifications
4.if the vehicle's original purchase prices have been altered
Often people are willing to reach out to a dealer for acquiring his services while importing new or used cars for sale in New Zealand. The dealer will be responsible for preparing appropriate documents about the car that is being imported. Besides, the dealer will be facilitating the shipping process of the car to New Zealand. The costs of the dealer's services will be integrated within the Goods and Services Tax. No matter whether you're importing a specific vehicle for exporting, breaking it into parts, or exporting it, you'll require the services of a dealer. The same rules will be applicable for all these cases. Japan is the largest vehicle exporter in New Zealand's boundaries as Japan charges a low cost in terms of import tax and duty levied on used cars.
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