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29-03-2022 11:47 PM - edited 29-03-2022 11:48 PM
>>> The more you sell, the more tax you pay. Period. <<<
This is categorically not true. Sales (stocktake or otherwise) often result in products being sold below cost. Selling a product below cost will REDUCE your tax liability.
There are many reasons why one might want to do that.
- Improving cash position.
- Clearing obsolete products.
- Making space for new inventory in stores or warehouse.
- Hitting supplier rebate targets
Your reply is exactly why sellers should not be seeking financial or accounting advice from anybody other than trusted professionals.