Tax Radar™ is a tax liability accounting and defence costs insurance policy aimed at businesses, high net worth individuals and professionals. In a nutshell, the taxpayer purchases legal defence and accounting cover for a relatively inexpensive premium, which enables them to engage top tax professionals to act on their behalf should the need arise.
For example, in the event that a taxpayer is audited, they may face additional assessments and or penalties which they believe to be un-reasonable and may find themselves in a position that they have to hire tax experts and professional assistance to liaise with or to defend them against SARS.
These costs are incurred whether they are proven 'guilty' or not. In addition, new legislation such as the Consumer Protection Act, Tax Administration Bill and the Companies Act equips the authorities with draconian powers and at the same time, places additional responsibility on the taxpayer.
Please visit our website for more information on the unique Tax Radar™ product.
TAX-RADAR HAS APPLIED FOR LICENCE UNDER FSP 26/10/42522. IT IS CURRENTLY OPERATING AS A JURISTIC REPRESENTATIVE OF INFINITI INSURANCE LTD FSP 35914.
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