Wine Equalisation Tax (WET) Registration and BAS Reporting

Issuing authority

Australian Taxation Office

Official source

How to apply

1. Determine if you must register: registration is required if you are registered (or required to be registered) for GST and make assessable dealings with wine — including wholesale sales, retail sales, or imports.
2. Register for WET via the Australian Business Register (ABR) at abr.business.gov.au or through ATO Online Services for Business — this adds WET labels 1C and 1D to your BAS.
3. Calculate WET payable at 29% of the wholesale value of wine for each taxable dealing in the BAS period.
4. Enter total WET payable for the period at label 1C 'Wine equalisation tax' on your BAS — enter 0 if nothing to report.
5. Calculate any WET credits you are entitled to (e.g. producer rebate, bad debts, overpayments) and enter at label 1D 'Wine equalisation tax refundable'.
6. Note: 1C and 1D amounts cannot be netted off — both must be reported separately even if they offset each other.
7. Lodge your BAS by the due date via ATO Online Services, through a registered tax agent, or via Standard Business Reporting (SBR)-enabled software.
8. Keep detailed records of all wine dealings, wholesale prices, and credit calculations for 5 years.

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