Self-employment online trading If you always reinvest everything, profit tax = 0?
I can't find a clear answer on the internet, please someone who really knows.
If you have an online shop and reinvest all your money and constantly purchase goods, and don't withdraw a cent of the money, will your profit tax be zero at the end of the year?
If you buy merchandise, then the operating expenses are. Revenue minus expenditure = profit.
If there is no profit due to high expenditure, no one can be taxed.