• 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.

    Example – how to work out the wholesale price

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

    1 dozen wine:

    $120.00

    Plus WET @ 29%
    ($120.00 x 29/100):

    $34.80

    Sub-total:

    $154.80

    Plus GST @ 10%
    ($154.80 x 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: 03 Dec 2015QC 22750