• Calculate and claim your rebate

    To calculate and claim your rebate:

    1. Work out 29% of the taxable value of your assessable dealings:
      1. For wholesale sales, this is 29% of the price the wine is sold (before WET and GST).
      2. For retail sales and wine for own use, this is 29% of the notional wholesale selling price.
       
    2. If you manufactured the wine using wine bought from other producers, reduce your claim by any earlier rebates the other producers could claim.
    3. Limit your rebate claims to a total of $500,000 per financial year:
      1. If you belong to a group of associated producers, this limit applies to the whole group.
      2. Producers are associated if, for example, one controls the other, or they have obligations to each other regarding their financial affairs.
      3. A producer may be associated with one or more Australian or New Zealand producers.
       
    4. Claim your producer rebate at label 1D on your BAS for the relevant tax period:
      1. You account for WET using the same accounting method (cash or non-cash) that you use for GST.
      2. You attribute the WET payable to the same tax period as you do for GST purposes.
      3. The producer rebate is claimed in the same tax period as the WET is payable. However, if the purchaser has quoted for a dealing at or before the time of the sale, then the rebate is claimed in the tax period in which WET would have been payable had the purchaser not quoted.
      4. Any rebate you receive is assessable income and must be declared in your income tax return.
       

    Examples of calculating the wine producer rebate

    Type of dealing

    Selling price

    Amount of WET payable

    Producer rebate claimable

    Retail sale to the end consumer

    $20,000 (incl. WET and GST)

    $2,900*

    $2,900

    Wholesale sale to a restaurant

    $30,000 (excl. WET and GST)

    $8,700

    $8,700

    Wholesale sale of blended wine to a bottle shop. Wine used in the blend was purchased for a total of $15,000 (excl. WET and GST) and there was an earlier rebate for the purchased wine.

    $25,000 (excl. WET and GST)

    $7,250

    $2,900

    ($7,250 minus earlier rebate amount of 29% of $15,000)

    Wholesale sale to a distributor. Buyer quotes their ABN.

    $15,000 (excl. WET and GST)

    Nil

    $4,350

    Wholesale sale to a distributor. Buyer quotes their ABN and notifies an intention to sell the wine GST-free.

    $20,000 (excl. WET and GST)

    Nil

    Nil

    Wine used for tastings

    Retail value of wine is $2,000 (incl. WET and GST)

    $290**

    $290

    * 29% of $20,000/2 based on half retail price method.

    ** 29% of $2,000/2 based on half retail price method.

    End of example

    See also:

    Last modified: 18 May 2016QC 22758