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  • Wine equalisation tax

    If you make wine, import wine into Australia or sell it by wholesale, you'll generally have to account for wine equalisation tax (WET).

    WET is a tax of 29% of the wholesale value of wine. It is generally only payable if you are registered or required to be registered for GST.

    It's designed to be paid on the last wholesale sale of wine, which is usually between the wholesaler and retailer. But it may apply in other circumstances – such as cellar door sales or tastings – where there hasn't been a wholesale sale. WET is also payable on imports of wine (whether or not you are registered for GST).

    What's new for WET

    The test for whether producers are associated for the purposes of the rebate cap is applied at any time during the financial year, and not at the end of the financial year. This applies from 1 October 2017.

    Additional changes to the producer rebate are:

    • the rebate cap for each financial year will be reduced from $500,000 to $350,000 from 1 July 2018
    • tightened eligibility criteria will apply to 2018 and later vintage wine (where more than 50% of the grapes used to make the wine are crushed from 1 January 2018) sold or dealt with from 1 January 2018, and for all other wines sold or dealt with from 1 July 2018.

    There are reduced circumstances where you can claim a WET credit for:

    • 2018 and later vintage wine sold or dealt with from 1 January 2018
    • all other wines sold or dealt with from 1 July 2018.

    There are changes to the information you must include when buying wine under quote for:

    • 2018 and later vintage wine sold or dealt with from 1 January 2018
    • all other wines sold or dealt with from 1 July 2018.

    Find out how to cancel your registration if these changes mean that you no longer pay WET or claim WET credits.

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    Last modified: 01 Dec 2017QC 22734