• Wholesale sales

    To calculate WET for wholesale sales:

    1. Apply the 29% WET rate to the sale price of the wine (excluding GST).
    2. Calculate the GST on the WET-inclusive price.

    If you sell wine by wholesale for a price that includes WET you must show the amount of WET on the invoice given to the buyer.

    Find out about:

    Example – how to work out the wholesale price

    Alison has a winemaking business. She sells grape wine to a bottle shop for $120 a dozen before tax. This is how Alison works out the total wholesale selling price:

    1 dozen wine

    $120.00

    Plus WET @ 29%
    ($120.00 × (29÷100))

    $34.80

    Sub-total

    $154.80

    Plus GST @ 10%
    ($154.80 × (10÷100))

    $15.48

    Total wholesale selling price

    $170.28

     

    End of example

    Some wine sellers use commission agents to facilitate their wine sales. Where the agent deducts a fee from the proceeds of sale, this fee doesn't reduce the selling price of the wine.

    See also:

    Last modified: 11 Oct 2017QC 22750