WET applies to all wholesale sales of wine in Australia but is generally paid only on the last wholesale sale – such as a sale from a winery or distributor to a restaurant or bottle shop.
If there's an earlier wholesale sale before the wine reaches the retailer – for example, a sale from a winery to a distributor – it's exempt from WET if the sale is GST-free or the transaction happens under quote.
If you're selling wine wholesale and registered or required to be registered for GST then you must both:
- charge WET on the sale
- show the amount of WET on the invoice.
The exception is when either:
- you receive a valid ABN quotation from the buyer at or before the time of sale
- the sale is GST-free.
If you regularly sell wine to buyers who are entitled to quote their ABN, they can provide you with a periodic quote to cover their eligible wine purchases for up to one year. This means they don't need to provide you with a quote every time they buy wine.
You should monitor the dates on these periodic quotes to ensure the quotes are still valid.