If your business is required to account for wine equalisation tax (WET), you need to keep records to show how you calculated your liability or entitlement (if applicable).
Records required for WET
Information your records need to show |
Examples of types of records |
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You need to keep documentation to show how you calculated your liability or entitlement (if applicable). This may include records of:
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If you're claiming the producer rebate you need to keep records showing that you meet all the eligibility criteria for claiming the rebate including evidence that:
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How long you need to keep WET records
You need to keep these records for five years, starting from when you prepared or obtained the records, or completed the transactions or acts those records relate to, whichever is later.
You should keep records long enough to cover the period of review (also known as the amendment period) for an assessment that uses information from the record.
Find out about:
See also:
- Wine equalisation tax
- Wine equalisation tax – Producer rebate
- PCG 2019/3 Practical Compliance Guideline: Wine Equalisation Tax: attribution and retention of title clauses
- WETR 2009/1 Wine Equalisation Tax Ruling Wine Equalisation Tax : the operation of the wine equalisation tax system – includes further information about the period of review timeframe