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Why you need Tax Risk Insurance

Ensuring you have heavyweights in your corner when SARS comes knocking.

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Personal

R100,000 cover

from *R210 p/m


Business

R250,000 cover

from *R219 p/m


Trusts

R250,000 cover

from *R179 p/m


*Terms and Conditions apply.

WHAT WE COVER

The cost of defending your case or justifying your position to SARS can be considerable.
We cover the cost of defending:


INDEMNITY LIMITS

The Indemnity Limit for the product category selected is fixed so your client knows what is available and is equal to the Annual Rand Limit or the Annual Hours Limit, whichever is the lesser. Terms and conditions apply.
WHAT WE DON'T COVER

  • Audits and disputes which have commenced prior to the inception of the policy

  • Audits from tax returns which were submitted late, without extensions being granted

  • Where proper records were not kept

  • Where fraud or crime is involved

  • Costs of tax return preparation

  • Matters outside RSA borders

  • Any taxes, interest, penalties or fines correctly imposed by SARS

I am a new or existing...

POLICYHOLDER

While you may have a competent accountant or tax practitioner, this does not guarantee protection in the event of a SARS' tax audit. The cost of defending an audit can be debilitating.

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BROKER

Your clients look to you for professional, up-to-date insurance advice. The risk of a SARS’ tax audit is real – which means that insurance cover in the event of a SARS’ audit has become a top priority.

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TAX ACCOUNTANT

The regulations and procedures around a tax audit are complicated. If your client is selected by SARS for a tax audit, you’ll most likely be the first port of call.

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