Wine equalisation producer rebate calculation sheet for New Zealand wine producers

The calculation sheet must be submitted with your corresponding WET rebate claim form.

The calculation sheet must be used to calculate your producer rebate where the selling price of your wine and expenses unrelated to the production of the wine in New Zealand are expressed in New Zealand currency.

If you are claiming rebates for more than one financial year a calculation sheet will need to be completed for each financial year.

Use the Appendix A calculation sheet where all of the wine specified in your sales invoice has had WET paid on it in the same Australian financial year.

Use the Appendix B calculation sheet where the wine specified in your sales invoice has had WET paid on it in different Australian financial years.

Download a printable version of the Wine equalisation tax (WET) producer rebate calculation sheet for New Zealand wine producers NAT 15345 (PDF, 224KB) form. This is not an on-line form and must be printed and completed manually. When completed, it must be submitted with your WET claim.

Conversion of approved selling price to Australian currency

The calculation sheet will require you to convert New Zealand currency to Australian currency. You have three options for conversion. These options are referred to as the Reserve Bank of Australia (RBA) rate, the agreed rate and the average yearly Reserve Bank of New Zealand (RBNZ) rate.

For more information on these options refer to Wine equalisation tax (WET) - foreign currency conversions for New Zealand wine producers.

Please indicate which exchange rate for conversion you are using by placing a cross in the relevant box on the form:

• RBA rate (if using the RBA rate use the rate applying to the earlier of the invoice date or the consideration receipt date)
• agreed rate (this rate can only be used for sales of wine made under the agreement and for the period of the agreement)
• average yearly RBNZ rate (refer to the Australian Taxation Office website www.ato.gov.au for the average yearly RBNZ rate for the relevant Australian financial year.