Industry guidelines: Winemakers
Claiming the wine equalisation tax (WET) rebate
- Completing the form
- Common errors in submitting claims
- Average Reserve Bank New Zealand (RBNZ) rate
- Wholesaler statement example
- Find out more
Completing the form
If you are an approved New Zealand participant for the WET rebate and have an excise identification number (EIN), you need to download and complete an Application for payment of wine equalisation tax (WET) rebate by an aproved New Zealand participant to claim the rebate.
You also need to send the appropriate original supporting documents. They will be returned once your claim has been processed.
You will need to complete a Wine equalisation producer rebate calculation sheet for New Zealand wine producers and send it in with your claim.
Send your claim form and the supporting documents to:
WET rebate
P O Box 33150
Takapuna 0740
New Zealand
Common errors in submitting claims
- Claims sent direct to the ATO and not to Inland Revenue.
- Application for payment form not presented with supporting documentation.
- Authorised signatory to claims differs to that on original application for approval.
- New Zealand sales invoices not provided.
- No export evidence provided or insufficient documentation (ie instructions to ship).
- Calculation sheet (ATO or own format) not completed.
- Claims calculated on the assumption that all the wine shipped has been sold. Note: The WET rebate is restricted to that wine sold WET-inclusive in Australia in each financial year.
- Exchange rate options not followed as per the calculation sheet header page
- Mismatch of shipment details/values to calculation sheet appendices, particularly in completion of APP B(for part shipments sold within. Australia in respect of the 2006 financial year (1st year of scheme) and then for subsequent multi-year claims where wine sold in different financial years)
- No import evidence provided (Australian Customs Entry Numbers) (Note: Wholesaler's statements are evidence of WET paid, not "import into Australia")
- Wholesaler's statements not certified, incomplete or vague as to actual description and quantities of wine sold.
- Australian BAS reports presented as evidence of WET paid (not specific to New Zealand producer thus not sufficient evidence of WET paid).
- Australian WET-inclusive sales reports (where supplied) incomplete(ie no ABN number or full details of importer/distributor/number of cases sold/descriptions of wine).
Average Reserve Bank New Zealand (RBNZ) rate
| Month | 2008-09 | 2007-08 | 2006-07 |
|---|---|---|---|
| July | 0.7848 | 0.9065 | 0.8215 |
| August | 0.8031 | 0.8766 | 0.8296 |
| September | 0.8224 | 0.8492 | 0.8655 |
| October | 0.8809 | 0.8464 | 0.8776 |
| November | 0.8600 | 0.8499 | 0.8661 |
| December | 0.8320 | 0.8811 | 0.8805 |
| January | 0.8154 | 0.8758 | 0.8883 |
| February | 0.7938 | 0.8733 | 0.8865 |
| March | 0.7979 | 0.8669 | 0.8815 |
| April | 0.8006 | 0.8500 | 0.8880 |
| May | 0.7855 | 0.8188 | 0.8885 |
| June | 0.7953 | 0.7997 | 0.8980 |
| Average | 0.8143 | 0.8578 | 0.8726 |
Wholesaler statement example
| STATEMENT for SALES of NEW ZEALAND wine for the purposes of the A New Tax System (Wine Equalisation Tax) Act 1999 | ||||
|---|---|---|---|---|
| Name of entity making Statement: Australian Business Number: Address: Tel/Fax: |
Wine Co Pty Ltd 12 345 678 910 Adelaide 000000000000000000000000 |
|||
| New Zealand Producer Name: Address: |
A Vineyard Limited Hawkes Bay NZ |
|||
| Details of wine imported Description(s) Import Entry Number(s) |
See below/attached report** | |||
| **Delete where applicable | ||||
| Statement | ||||
| (Insert name of entity making statement............................................hereby states that: 1. The following sales of the New Zealand wine detailed above have been sold into the Australian domestic market at a price that includes wine equalisation tax (WET) and; 2. The wine has not been exported from Australia. |
||||
| Sales of wine for the period 1 July........to 30 June......... | ||||
| Inv No(s) | Date(s) | Description of wine | Received (cases) | Quantity sold |
| 1001 | 02/12/05 | Merlot | 1500 | 1500 |
| 1002 | 25/03/06 | Cab Sav | 1200 | 1200 |
| 1003 | 25/04/06 | Merlot | 100 | 80 |
| Cab Sav | 700 | 600 | ||
| Pinot Noir | 200 | 150 | ||
| IMPORT ENTRY NUMBERS | ||||
| AABBCCDD | 09/12/05 | |||
| EEFFGGHH | 04/04/06 | |||
| IIJJKKLLMM | 06/05/06 | |||
| Signature details: Name of person authorised to make this statement.............................. John Smith |
||||
| Status | Stock Manager | |||
| Date | 31 July 2006 | |||
Find out more
Read or download the:
- Wine Equalisation Tax Ruling WETR 2006/1
- Wine equalisation tax (WET)- foreign currency conversions for New Zealand wine producers
Date published: 05 Oct 2009
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