Australia GST and Duty Costs Explained

AUSTRALIAN CUSTOMERS

  • Queen Studios and INART do not collect Import Duties from customers and our prices are “Free of Duty”.
  • Customer’s are responsible for paying any Duty Fees once the goods arrive at the port.
  • Imported goods over $1,000 AUD are subject to the payment of Customs Duty, Taxes and Other Charges including an import processing charge.
  • GST is also payable on taxable importations.

For a quick estimate on the Duties and Taxes that may be applied to your order. You can visit https://www.wwcf.com.au/customs-duty-import-goods-and-service-tax-calculator 

GST

If you are an Australian Resident and you are ordering one of our collectibles, you are required to pay GST (Goods and Services Tax).

HOW IS GST CHARGED?

  • GST is applied to all goods and services sold to an Australian customer.
  • You will not be charged GST if you are GST Registered. (This rule would usually apply to businesses.)
  • INART and Queen Studios will not charge GST until your collectible is ready to ship.
  • Your final invoice will include the final cost of your collectible + shipping + insurance and then 10% GST.
  • Your invoice will detail each cost.
  • As the customer, it is important you plan for these fees in advance and remember that all deposits are non-refundable.

HOW IS GST CALCULATED?

  • GST is caluclated at 10% based on the CIF
  • The CIF is “Cost, Insurance and Freight “+ Duties.
  • Cost:Cost of the collectible
  • Insurance:Insurance for delivering your collectible. This will protect you if the collectible is lost. Usually insurance ranges from 1-3% of the items value.
  • Freight:This is cost involved in shipping the collectible to you. This will be shown on your bill and will depend on the shipping method that you have chosen.
  • Duty:Duty is usually charged at 5% of the goods value. For example. If your collectible costs $500 AUD the Duty Payable will be $25 AUD.

 Example:

  • Customer A orders a collectible worth $500 AUD.
  • The shipping cost for this item is $50 AUD.
  • Customer A insures the figure at 3% of the items value.
  • Customer A has an insurance cost of $15 AUD.
  • Custom Duties are paid at 5% of the collectibles value.
  • Customer A now must pay an Import Duty of $25 AUD
  • Customer A’s CIF can is then calculated by adding up all of these costs.
  • $500 + $50 + $15 + $25 = $590
  • GST is then calculated by dividing $590 AUD by 10% = $59 AUD
  • Customer A must then add the GST to the CIF cost to calculate the final amount payable before the collectible can be delivered.
  • CIF $590 AUD + GST $59 AUD = $649 Final Cost