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  • Calculation sheet

    Download this form in Portable Document Format (PDF) – Wine equalisation producer rebate calculation sheet for New Zealand wine producer (NAT 15345, PDF 182KB)This link will download a file.

    You must attach either the:

    • completed calculation sheet or sheets
    • details asked for in the calculation sheet in a different format.

    We prefer that you use the calculation sheet 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, you need to do separate calculations for each financial year. If you use the calculation sheets, complete a separate one for each financial year.

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

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

    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.

    Whichever exchange rate method you choose you should apply it consistently for each approved selling price calculation relating to the same financial year.

    See also:

    Rebate claim

    When you have completed your producer rebate calculation transfer the amount at Label (I) of the calculation sheet A to the total WET rebate claim label in your Application for payment of wine equalisation tax rebate by an approved New Zealand participant form. If you need to use more than one calculation sheet A or more than one calculation sheet B for the same financial year add the amounts at Label (H) from each calculation sheet A and the amounts at Label (L) from each calculation sheet B and show the summed amount at the total WET rebate claim label.

    If you are claiming rebates for more than one financial year you will need to show the total amount claimed at the total WET rebate claim label in your Application for payment of wine equalisation tax rebate by an approved New Zealand participant form. You must also show the amounts claimed for each financial year that make up the total rebate claim.

    Expenses unrelated to the production of wine in New Zealand included in the selling price of the wine

    Expenses unrelated to the production of wine in New Zealand included in the selling price of the wine include (but are not limited to) costs associated with the importation of wine into Australia such as costs of transport, insurance and agents’ fees and Australian or New Zealand taxes, including customs duties

    Wine manufactured using wine from an Australian producer – 2017 and earlier wine

    Your producer rebate claim will be reduced for wine you manufactured using wine from a producer that is registered or required to be registered for goods and services tax in Australia (Australian producer), and the Australian producer has claimed a producer rebate for their wine. Your rebate amount must be reduced by the Australian producer’s earlier rebate amount.

    Substantiating that WET has been paid on your wine

    You will need to verify that the quantity and description of wine for which you are claiming a producer rebate has had WET paid on it. This may be done by providing the following:

    • Australian tax invoices showing that WET was included in the selling price of the wine
    • a wholesaler’s statement in lieu of Australian tax invoices (a wholesaler’s statement is a statement from the Australian importer/distributor of your wine that states that the wine listed in the statement has had WET paid on it)
    • relevant importation documents in lieu of Australian tax invoices and a wholesaler’s statement if WET was paid on the wine on entry to Australia, including a description of the wine and quantity imported.

    Next steps:

    Last modified: 16 Jul 2018QC 18887