Wine Equalisation Tax (WET) for producers + wholesalers
WET at 29% on wine wholesale value; rebate scheme up to $350K per producer.
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Who must comply
Wine producers + wholesalers.
What triggers it
Wholesaling wine in Australia.
When due
Per BAS cycle.
Evidence required
WET calculations; producer rebate claim; wholesale records.
Max penalty
Failure-to-lodge + shortfall penalties
Summary
A New Tax System (Wine Equalisation Tax) Act 1999. WET 29% on wholesale value of wine in Australia. Producer rebate up to $350K per producer. Lodged via BAS quarterly or monthly per assignment.
Enforced by
Industries
Topics
taxwetwine
Source: https://ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/wine-equalisation-tax. Rules Mate is not a law firm. Always verify against the live regulator source before acting.