Any way to get a free UE-10 from tax?

Dec 1, 2006 at 1:51 AM Thread Starter Post #1 of 12

bellsprout

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Depreciation ...u know. I'm not sure exactly it works, but u can only claim depreciation on thing u use for work or smg.

I'm in Australia if the law is any different, but help a brother out here - throw some ideas around. There has to be a way.

Thx
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Dec 1, 2006 at 2:05 AM Post #2 of 12
WELL it kind of depends on what type of taxes australia charges. For canada we have provincial and federal taxes. So if I dont buy within my province, I dont pay pst, if I dont buy in canada, I dont pay gst. But once i buy from out out of the country There might be duties. Luckily there are no duties on electronics in canada so as long as I buy electronics from outside the country, I pay nothing.

So i guess im saying what kind of taxes is australia charged
 
Dec 1, 2006 at 2:34 AM Post #3 of 12
There's no "depreciation" in other countries? o_O

In Australia, u can claim tax back for anything u buy that helps you in making the money that gets taxed, which reduces in value over time (depreciation). For UE-10's, they lose 100% of their value after purchase.
 
Dec 1, 2006 at 2:36 AM Post #4 of 12
Quote:

Originally Posted by kyleisgreat /img/forum/go_quote.gif
WELL it kind of depends on what type of taxes australia charges. For canada we have provincial and federal taxes. So if I dont buy within my province, I dont pay pst, if I dont buy in canada, I dont pay gst. But once i buy from out out of the country There might be duties. Luckily there are no duties on electronics in canada so as long as I buy electronics from outside the country, I pay nothing.

So i guess im saying what kind of taxes is australia charged



I still get hit with duties on electronics. Whats your secret?
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Dec 1, 2006 at 3:55 AM Post #5 of 12
Quote:

Originally Posted by Chef Medeski /img/forum/go_quote.gif
I still get hit with duties on electronics. Whats your secret?
confused.gif



My secret is section 8518.30 of the Departmental Consolidation of the Customs Tariff 2006. Specifically section 8518.30.91 00 which specifially states that headphones, including earphones, are exempt from MFN tarrifs. It's on page 38 of the pdf file for electronics that the government customs website offers if you want to check it out.
 
Dec 1, 2006 at 3:57 AM Post #6 of 12
^^^^ Most consumer electronics are free of tariffs, so if you've been charged just find what you've boughten in their little code( a task on its own) and go to the customs office and if it's been done reasonably recently they should ( assumption) give it back.


EDIT:Everything I've said is for Canada only.
 
Dec 1, 2006 at 8:20 AM Post #7 of 12
Quote:

Originally Posted by kyleisgreat /img/forum/go_quote.gif
^^^^ Most consumer electronics are free of tariffs, so if you've been charged just find what you've boughten in their little code( a task on its own) and go to the customs office and if it's been done reasonably recently they should ( assumption) give it back.


EDIT:Everything I've said is for Canada only.



u gotta be kidding. u mean u dont even pay gst and pst??!! i drove all the way down to CT to get my amplifier and dac
 
Dec 1, 2006 at 8:36 AM Post #9 of 12
Quote:

Originally Posted by bellsprout /img/forum/go_quote.gif
There's no "depreciation" in other countries? o_O

In Australia, u can claim tax back for anything u buy that helps you in making the money that gets taxed, which reduces in value over time (depreciation). For UE-10's, they lose 100% of their value after purchase.



Sure, we have the same thing here in the United States. There are a few methods available under GAAP, and I believe Australian accounting is substantially similar.

Trick is, you usually need a corporation, partnership, etc. sort of business entity to purchase the item and use it in the course of business. I can't say for sure how it is over there, but you get the idea.

So, why don't you open a headphone store? A number of audiophile dealers run businesses from their house and you could, too. Or perhaps you could be mobile- take a rig over to prospective customers' houses and let them sample them. Then, you'd be able to depreciate the sales samples, and I imagine you might be able to get headphones at wholesale prices, as well. Maybe make a few dollars, even.
 
Dec 1, 2006 at 4:34 PM Post #11 of 12
well just because it's not resellable doesn't mean it's worthless... it just won't have a salvage value when you depreciate it over the useful life of the headphone...
 
Dec 4, 2006 at 8:49 PM Post #12 of 12
Maybe someone can clarify something for me.

Are duties and brokerage fees the same? I don't believe so and I believe that people are mistaking the two. Duties would be penaties applied to certain products to take the competitive edge off a bit on the imported item so not to hinder the localy manufactured goods ability to sell in its own market. Brokerage fees I believe are fees charged to us by courrier type companies in order to have your goods go throuhgt customs. They take care of filling out forms and stuff like that for all I know. This fees for this service would vary depending on the company used.

I know that when I ordered my Grado's from someone in the US and got it shipped via the brown company, the buggers charged me taxes and brokerage fees upon pick-up of the item. A total of 91$ in taxes and brokerage fees. I ended up paying the same total amount for the cans as I would of if I had bought the demo from a local company here (Grado is incredibly expensive in Canada and I know of some distributers boycotting them now in objection of their ridiculous prices) This from a transaction made with a normal bystandard, not a registered company. He declared the value of the cans to 200$ and I still got slapped. I thought you guys might be mixing up the taxes, brokerage fees and duties...
 

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