You will generally be required to pay Wine Equalisation Tax (WET) if you:
- make wine or import wine for consumption in Australia
- sell wine by wholesale.
WET is a value based tax of 29% which generally applies (unless eligible for an exemption) on the last wholesale sale of wine, usually between the wholesaler and the retailer. You can process your WET requirements via your monthly or quarterly Business Activity Statement (BAS).
WET applies to a number of alcoholic beverages that contain more than 1.15% by volume of ethyl alcohol.
Wine includes any of the following alcoholic products:
- grape wine, including sparkling wine and fortified wine
- grape wine products such as marsala, vermouth, wine cocktails and creams
- other fruit wines and vegetable wines, including fortified fruit wines and vegetable wines
- cider and perry
- mead and sake, including fortified mead.
Please consult the Contact Officer for more information.