Tax Discussion Paper - What are the customs issues?

Other taxes may steal the headlines, but the Government's tax discussion paper provides importers, brokers and others involved with international trade the opportunity to shape the future taxation of imports. Customs duty is included in the review aimed at developing a better tax system that delivers lower, simpler and fairer taxes. Importers, customs brokers and others involved in international trade have until 1 July 2015 to contribute to the discussion about how the customs duty system can be improved.

The discussion paper divides customs duty into a number of categories including:

• Customs duty on fuel
• Customs duty on alcohol
• Customs duty on tobacco; and
• Customs duties on all other imports.