To be approved as a New Zealand participant for the WET rebate, you must apply and get approval. You are then eligible to claim the rebate.
Application for approval as a New Zealand participant for a wine equalisation tax rebate
Before you complete your application for the WET rebate
To make sure your claim is processed as soon as possible, send your claim to us along with:
- supporting documentation with the application for payment form
- your sales invoices
- evidence of export of the wine from New Zealand
- evidence of WET paid in Australia
- evidence of import - Australian Customs Entry Numbers (9-digit alpha or alpha-numeric format) or copy of entry (form N10) where WET paid at importation
- certified complete wholesaler's statements, including a description of and the quantities of wine sold
- a completed calculation sheet whether it's ATOs or your own format.
Make sure the exchange rates are used correctly and the option you choose to calculate the rates is consistent.
Australian BAS (Business Activity Statements) are not evidence of WET paid.
The Australian Tax Office ATO sets out methods to convert NZD amounts into AUD.
ATO - methods to convert foreign currency
Wholesaler statement example
| Statement for sales of New Zealand wine under the Wine Equalisation Tax Act 1999 | ||||
|---|---|---|---|---|
| Name of entity making Statement: Australian Business Number: Address: Tel/Fax: |
Wine Co Pty Ltd |
|||
| New Zealand Producer Name: Address: |
A Vineyard Limited 3 Sauvignon Street Blenheim, New Zealand |
|||
| Details of wine imported Description(s) |
1,600 cases Merlot 1,900 cases Cab Sav 200 cases Pinot Noir |
|||
| Statement | ||||
| A Wine Co Pty Limited 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 XX to 30 June XX | ||||
| Inv no (s) | Date(s) | Description of wine | Received (cases) | Quantity sold |
| Previous years | ||||
| 0998 | 23/06/XX | Merlot | 15 | |
| 0800 | 24/07/XX | Cab Sav | 20 | |
| 0660 | 11/11/XX | Pinot Noir | 56 | |
| Shipments 1 July XX to 30 June XX | ||||
| Inv no (s) | Date(s) | Description of wine | Received (cases) | Quantity sold |
| 1001 | 02/12/XX | Merlot | 1,500 | 1,500 |
| 1002 | 25/03/XX | Cab Sav | 1,200 | 1,200 |
| 1003 | 25/04/XX | Merlot | 100 | 80 |
| Cab Sav | 700 | 600 | ||
| Pinot Noir | 200 | 150 | ||
| Import entry no: Dates | ||||
| ABC67MCVT | 09/12/XX | |||
| ACDHY89CN | 04/04/XX | |||
| ADF76GHTQ | 06/05/XX | |||
| Signature details: Name of person authorised to make this statement..............................John Smith |
||||
| Status | Stock Manager | |||
| Date | 31 July XX | |||
Claim the wine equalisation tax WET rebate
Available payment options
From June 2021, some New Zealand banks will no longer accept foreign currency cheques. This may impact the payment of your wine equalisation tax (WET) rebate.
Before submitting a WET rebate application, you should check if your bank will still process foreign cheques. If they will not, you will need to consider these options:
- Nominating an Australian tax agent to accept the rebate on your behalf (they must be accredited and listed on your Australian Taxation Office (ATO) records)
- Using an alternative bank that will process your foreign cheque
- Opening an Australian bank account to receive a direct transfer (the ATO can only provide electronic refunds to Australian bank accounts).
If the above options are not possible, you can contact us about your WET rebate by:
- Calling on 0800 377 774
- Emailing us at [email protected]
- Writing to Inland Revenue at: WET Rebate, PO Box 33150, Takapuna 0740