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  • When you have to pay WET

    If you make wine, import wine into Australia or sell it by wholesale, you normally have to pay WET. It's a once-off tax on the value of the wine and applies when you sell or deal with wine:

    WET is designed to tax the last wholesale sale of wine in Australia. Usually this is a sale from a wholesaler to a retailer.

    Transactions are exempt from WET when:

    • the transaction happens 'under quote' (the buyer quotes their ABN to the seller in the approved form)  
      • this typically happens when there is an earlier wholesale transaction, such as between a producer and distributor, before the wine reaches the retailer
    • the wine is GST-free – for example, when it's being exported and WET has not already been paid on the wine.

    Watch the below webinar for more information on how the WET system works.

    Media: WET: Back to Basics
    http://tv.ato.gov.au/ato-tv/media?v=bd1bdiunqnrtngExternal Link (Duration: 57:01)

    Last modified: 05 Mar 2019QC 22739