Who needs to register
You need to register for wine equalisation tax (WET) if you are registered or required to be registered for GST and have assessable dealings with wine.
Once you've registered, your business activity statement (BAS) will have labels for you to report WET payable and WET credits for each tax period.
If you are a wine retailer (such as a cafe or restaurant) you don't need to register for WET unless you:
- make wholesale sales
- bottle your own wine.
Cancelling your registration
If your business changes (or ceases) and you no longer need the WET labels on your BAS, you need to cancel your WET registration.