What is Tax Risk Insurance

Tax Risk Insurance is the most effective protection for you and your business if you are ever selected for an audit by SARS

Who should be covered?

  • Individual Tax Payers
  • Small to Medium-sized companies
  • Trusts

What am I covered for?

If you are selected for a SARS tax audit, Tax Risk Underwriting Managers (TRU) will appoint and pay for the team of tax professionals who will de¬fend you. This may include Accountants, Tax Attorneys, Auditors, Tax Specialists, and other Tax Advisors as may be required to ensure a fair audit outcome. If you already have an Accountant, he/she will become a central part of the team.

Tax Risk Underwriting Managers will provide cover in the following matters:

Income Tax audits VAT disputes Employee Tax audits
Capital Gains Tax audits Dispute resolution hearings and appeals to the Tax Board and the Tax Court

Benefits of a Tax Risk Insurance policy:

Affordable Monthly Premiums Risk cover in the event of a tax audit for individuals and companies Access to SA’s top tax specialists
Removes uncertainty of an unexpected SARS’ tax audit and related dispute Covers cost of your accountant Ensures fair tax treatment and audit outcomes