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Mr Munyaka, a manager in a local NGO visited Shanghai China for a business trip, while there he spotted a boutique with executive dresses. He
Mr Munyaka, a manager in a local NGO visited Shanghai China for a business trip, while there he spotted a boutique with executive dresses. He decided to surprise the wife and bought 50 new dresses at a cost of 5,000 each. Upon return to Kenya, the wife convinced him that they only retain 5 dresses. They sold the balance to the wifes networks for sh. 9,000 each. The NGO policy is zero tolerance to tax evasion by the employees. He wishes to know the tax implication of the transaction
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