Quote:
Originally Posted by GeoffR
Paper books were already taxed at 15%, however there are complications because tax on purchases from foreign companies is only collected at the border if the package is worth $400 or more.
In practice I guess most book purchases would be under $400, so most paper books bought from overseas retailers will still be effectively tax-free, while the same books bought from a New Zealand retailer or bought as ebooks will be taxed.
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They have a similar law in Singapore well actually the law is that you have to pay 7% tax if your foreign purchases are more than $300 in a year. But what actually happens is that they can't tell if you have crossed $300 so if your package cost more than $300 then only you are charged.
But according to the law an individual is supposed to calculate and find out what sales tax is owed and pay it but no one does.