New Zealand: Changes to customs law to proceed | KPMG | GLOBAL

New Zealand: Changes to customs law to proceed

New Zealand: Changes to customs law to proceed

New Zealand’s Minister of Customs confirmed that a number of “business friendly” customs-related changes are to proceed to the legislative stage. The changes were consulted on last year. There will be further opportunities for businesses to provide feedback once draft legislation is introduced later this year.


Related content

Among the proposals expected to be included in the draft legislation are measures that would: 

  • Allow New Zealand customs authority to issue binding valuation rulings 
  • Provide for a new “additional duty” regime that would aim at encouraging greater voluntary compliance 
  • Provide a new internal review and appeal process for resolution of disputes with NZ Customs, without having to go direct to the Customs Appeal Authority 
  • Allow importers to declare a provisional value for imports when the final value of the imported goods is not known (e.g., when the price of the goods may change due to transfer pricing adjustments) 
  • Reduce the maximum penalty for certain administrative noncompliance
  • Provide specific rules to protect sensitive personal and commercial information when NZ Customs shares information with other agencies 
  • Allow customs records to be stored offshore, or in the “cloud” 
  • Allow all New Zealand alcohol producers (not just wine producers) to store product offsite so that excise is only paid when the product is removed from the offsite storage facility
  • Require import entries to be filed before goods arrive into New Zealand 


Read a May 2016 report [PDF 454 KB] prepared by the KPMG member firm in New Zealand: Customs Act changes

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal