WET is 29% of the taxable value of 'assessable dealings', such as sales, imports and own use of wine.
For example, the taxable value of a wholesale sale is the price for which the wine is sold (before WET and GST are applied).
Depending on individual contracts of sale, the price for which the wine is sold may include things such as freight costs, or may be decreased by settlement discounts or volume rebates.
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WET is calculated on the taxable value of assessable dealings such as sales, imports and applications to own use.