15 Nov Wine Equalisation Tax reform seminar announced
The Winemakers’ Federation of Australia (WFA), in partnership with the Australian Tax Office (ATO) and Murray Valley Winegrowers (MVW) is presenting a seminar in Mildura to provide guidance to legislative changes to the Wine Equalisation Tax (WET).
Changes to WET legislation were approved by Parliament on the 17th of August, 2017, and have now been implemented into law. Winemakers who access the rebate, those who sell grapes to a winemaker and receive the rebate and those who use distritubers need to know the implications of the changes. Growers may also be affected as some grape sale and purchase agreements may require amendments to current Retention of Title provisions.
The WET rebate and rules around accessibility have been tightened, but the overall aim of the new legislation is to boost export sales and wine tourism.
The program will include a presentation by Wine Australia on the $50 million Export and Regional Wine Support Package and the $10 million Wine Tourism and Cellar Door Grant. It will be held on November 21st at the Sunraysia Cellar Door, 125 Lime Avenue, Mildura.