Tax Tip Tuesday: Taking Items Out of Inventory

Tax Tip Tuesday: Taking Items Out of Inventory

South Dakota Retailers Association

Did you know:

If you operate a retail business in South Dakota and take items out of inventory for use by your business - such as cleaning supplies - your business must report and remit state and applicable municipal use tax on the price you paid for those items.

Questions? Call the South Dakota Department of Revenue at 800.829.9188.

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