Wine equalisation tax (WET)
Wine equalisation tax (WET) applies to wine manufacturers, wholesalers, and importers.
WET is a tax based on the value of wine. WET applies at 29% of the value of the wine at the last wholesale sale (before adding GST).
Retailers do not have a WET liability unless they make wholesale sales or bottle their own wine. They are not entitled to a credit for WET.
If you operate a business that imports or sells wines, you will need an ABN and be registered for GST and WET.
If you’re in business you should get an Australian business number (ABN). You may also need to register for certain tax obligations and entitlements. We use registration to manage the tax and superannuation systems fairly for all businesses and their employees.