Treasury Laws Amendment (2017 Measures No. 4) Act 2017 (94 of 2017)
Schedule 1 Wine equalisation tax producer rebate
Part 1 Main amendments
Division 1 Amendments
A New Tax System (Wine Equalisation Tax) Act 1999
5 Subsection 17-5(3) (table item CR4)
Repeal the item, substitute:
|
CR4 |
Avoiding double tax on the same wine |
You have become liable to wine tax on an *assessable dealing (the current dealing ) in relation to wine, but have *borne wine tax on all of the wine before the time of the current dealing. |
the wine tax previously *borne on the wine |
time of the current dealing |