New Zealand


  • Service: Tax
  • Type: Business and industry issue
  • Date: 24/07/2012

Contact us

 Kim Jarrett 

Kim Jarrett

Lead Partner, Customs & Trade

+64 9 363 3532


KPMG Customs
Customs duties, import GST and excise can impose costs and compliance obligations on businesses. We can help.

Taxmail - Customs changes means significant increase in potential penalties 

Issue 2, July 2012


Recent amendments have made significant changes to the penalties regime for customs and import GST.  There are significant increases in the level of monetary penalties with a graduated scale depending on the type of offence. 


The penalties will also apply in full to import GST errors (even though for most importers the GST payable is recoverable from Inland Revenue and therefore the net cost to the Government is nil).  

Our experience is that NZ Customs has taken a relatively lenient approach to penalties on unpaid customs duty and GST to date. 


We expect that to change with increased incentives for businesses to ensure their customs entries are correct under the new regime. The new customs penalties regime is similar to that for tax.


The introduction of the latter was a difficult adjustment period for both taxpayers and Inland Revenue. 


We hope that NZ Customs has learned from the tax experience, to ensure as smooth a transition to the new rules as possible.

Taxmail discusses these and other recent customs developments.


If you have any questions on the above, please speak to your usual KPMG advisor or contact Kim Jarrett

Taxmail - Comment on topical tax issues from KPMG NZ Tax. 
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