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Wine equalisation tax (WET)

Wine equalisation tax
Wine equalisation tax (WET) is a value based tax which generally applies on the last wholesale sale of wine, usually between the wholesaler and the retailer. If you make wine or import wine for consumption in Australia, or if you sell it wholesale, you normally have to pay WET.
Wine equalisation tax (WET)
Labels 1C and 1D. WET applies at 29% of the value of the wine at the last wholesale sale (before adding GST). It's generally paid by wine producers or wholesalers. If you report and pay GST using a pre-determined instalment amount (option 3 on the business activity statement), don't complete the WET section of your business activity statement. We have included your WET in this amount.