Australian Customs Service

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Wine Equalisation Tax

Wine Equalisation Tax (WET) is calculated as follows:

(final line CVAL + final line Duty + line T&I) x WET rate. (currently 29%).

WET can be calculated for Nature 10 & 30 Full Declarations.

There are six WET line fields to be calculated for each line of a declaration.

WET can only be calculated when a “WET goods” characteristic code is listed against a statistical code of a tariff classification.

The five WET line fields calculated assuming the WET Characteristic code applies are:

  1. Line Calculated WET Amount – is equal to the:

    1. (Final Line Customs Value + Line Customs Duty Amount + Line Countervailing Duty + Line Dumping Duty + Line Transport and Insurance) x WET rate.
      If the WET is quoted, the goods are non-taxable, or the importer claims an exemption by using a WET exemption code, then the amount is zero.
  2. Line Payable WET Amount – set to Line WET Calculated Amount when the importer has not set the WET Quote indicator.

  3. Line Exempted WET Amount – is equal to the:

    1. (Final Line Customs Value + Line Duty + Line Transport and Insurance) x WET rate when the goods are non-taxable or the importer claims an exemption by using a WET exemption code.
  4. Line Standard WET Amount – is equal to the:

    1. (Final Line Customs Value + Line Standard Duty + Line Countervailing Duty + Line Dumping Duty + Line Transport and Insurance) x WET rate.
      If the WET is quoted, the goods are non-taxable or the importer claims an exemption by using a WET exemption code, then the amount is zero.
  5. Line General WET Amount – is equal to the:

    1. (Final Line Customs Value + Line General Customs Duty + Line Countervailing Duty + Line Dumping Duty + Line Transport and Insurance) x WET rate.
      If the WET is quoted, the goods are non-taxable or the importer claims an exemption by using a WET exemption code, then the amount is zero.

In the unlikely scenario of a temporary import then any WET amount that would be payable in normal circumstances is still payable. The temporary import only allows non-payment of Duty, GST and LCT.

The following table shows what values will be calculated for each field in the following scenarios:

  1. Importer pays WET,
  2. Import Quotes WET,
  3. Importer uses WET exemption Code,
  4. Non-taxable
  5. Temporary Import

The table assumes the following values:

Field
Payable
Quoted
Exempted
Non-Taxable
Temporary Import

Line Calculated WET Amount

$464

$0

$0

$0

$464

Line Payable WET Amount

$464

$0

$0

$0

$464

Line Exempted WET Amount

$0

$0

$464

$464

$0

Line Standard WET Amount

$609

$0

$0

$0

$609

Line General WET Amount

$754

$0

$0

$0

$754

V1.0 02 APR 2004