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SARS’ Queries, Audits and Compliance Requirements continue to be ever more frequent, onerous and focused on all taxpayers providing proof and rationale for the information submitted. Even if your taxes are up-to-date and compliant, you can still be selected for verification by SARS, and this can quickly escalate into an audit, whether or not justified. Therefore, it is critically important to have the right Tax Risk Insurance cover to protect yourself and your business, if you do not want to run the risk of having to incur substantial costs, leading to you possibly not being able to adequately defend your tax position. It is now a business imperative to obtain the right insurance to ensure that you can afford to have the best Legal and Accounting Team to defend you without hurting your or your business’s financial position. Contact me directly for further assistance. Juanita Roman | Taxation Associate
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