QUOTE(chunyen2020 @ Nov 1 2011, 10:21 PM)
I read this from SLS that any purchase of silver coins that are less than RM500 are not included for the
tax of 30%.
Is this true?
Anyone can clarify with own experience?
Tax is 15%.
I think this is somewhat true if your item is less than rm500 and sent through air, it wont be taxed. If by sea, it still will be taxed. I overheard the officer explaining this to a guy.
But it also depends on your package size.
I just got my Gilded and Colored Dragons from the Customs detention nearby LCCT.
Since my order consist of 7 coins, the package is quite big. It attracts the attention of the customs officer to hold it.
I went there personally to clear it since it is my first time, I also want to know how they work.
FYI, the package from Perth Mint is sealed properly and it was declared as 'Metal Sample' instead of Silver Coins. But the value of the parcel follows the invoice from Perth Mint.
The parcel wasn't opened, but instead they asked me what's inside. I told them it's silver coins. They say tax is 15%. After going through several counters to pay and clear this thing, lastly they asked me 'Don't you want to check the parcel, see if everything is inside?'
I was like, ermm, they wanna see what's inside, but they don't want to force me. Never mind, I just open and show them the coins.
Nevertheless, I know some friend who order from Perth Mint also, but in smaller quantity, around 3-4 coins only. He wasn't taxed.
Based on this experience:
1) Order your package in small quantity. Right now Perth Mint offers minimum purchase of AUD75 to get free shipment. Make use of that offer. I know I am.
2) If you can negotiate with the seller to under-declare the value (put it at the spot price) or declare the item as gifts, it will also help.
3) Or you just can save the hassle by just buying bars...