Money Doesn’t Come Without Guidance ...
As a wine producer, a taxpayer might be entitled to a rebate of $500,000 each financial year. The rebate is based on the wine equalisation tax (WET) amount of wine deal or the amount that would have been paid but not quoted.
If the buyer quotes, you can claim the producer rebate only if they have declared (in the quote) that they do not intend to make a GST-free supply of the wine.
To be eligible for this rebate a taxpayer must do one of the following:
A taxpayer will not be considered as a wine producer if they simply purchase wine in bulk and bottle it for sale.
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