TIE Deadlines

 

The final extension for export of yachts granted permission to remain in New Zealand under the Temporary Import Entry (TIE) scheme during 2020’s COVID-19 restrictions expires today, 30 June 2023. This date is the final date for export under the extended TIE scheme.

TIEs are granted to allow qualifying yachts to arrive in New Zealand on a temporary basis, for up to 24 months. To qualify, the following criteria must be met:

  •  The vessel owners are residents of a country other than New Zealand, and the vessel is in New Zealand for a genuine tourist purpose

  • The vessel may only be in New Zealand for a maximum of 24 months

  • The vessel may not be offered for sale or sold, or otherwise disposed of without the permission of New Zealand Customs, while under a TIE

  • The vessel may not be used in a commercial capacity for hire, or for the transport of cargo or carriage of passengers for reward while in New Zealand

  • The skipper/owner must export the vessel before the expiry of the period for which the TIE was granted. If the vessel is not exported, the skipper/owner undertakes to pay New Zealand Customs the amount of duty and GST calculated on the vessel at the time of importation

This means that vessels which were under the TIE scheme during COVID-19 restrictions, must depart New Zealand by 30 June 2023 or be subject to duty and GST to the value calculated at the point of entering New Zealand under the TIE scheme initially.

Dawson & Associates provides advice on vessel importation and export to and from New Zealand under the TIE scheme. If you have any questions or need advice about importing or exporting your vessel under the TIE scheme, please contact Peter Dawson by email peter@maritimelaw.co.nz; phone +64 27 229 9624.

 
Marine regulation, Vessel operationsNick Ippolito