The Australian Tax Office has updated information about Wine Equalisation Tax (WET) on its website to reflect the new legislative changes.
These include the WET producer rebate, including new eligibility criteria, WET credits and the information that must be included when buying wine under quote.
To prepare for the changes to WET, wine producers may register a trademark. The ATO has warned producers to be cautious of any suspicious or unsolicited emails, letters or invoices related to registration. For more information, visit IP Australia’s website.
If you need help or more information about how the changes to WET affect them, contact the ATO or your registered tax agent.
Visit ato.gov.au/WET to find out more.