1. A juristic representative of The Hollard Insurance Company Limited, an authorised financial services provider Tax Risk insurance policies are underwritten by The Hollard Insurance Company Limited “GREATSOFT Tax Assist”

2. Benefits of Tax Insurance Tax insurance defends the tax practitioner and their clients in the case of a SARS tax audit. Greatsoft Tax Assist along with it’s partners TRU is by far the most advanced tax insurance product provider in SA. SA’s top tax legal and accounting professionals will represent the policyholder during a tax audit, to ensure a fair outcome. Ongoing tax education through newsletters, and regular updates about new legislation All tax practitioners are at risk. The tax practitioners reputation will be upheld Complete peace of mind for all tax practitioners Tax help-line: help@taxrisk.co.za

3. Why tax risk insurance? Recent changes to tax laws have given SARS much wider powers to investigate taxpayers. Anyone who pays tax can be investigated. SARS are committed to increasing tax revenues and tax compliance. Even if your tax affairs are in order and the taxman finds no errors, defense costs can run into many thousands of Rands. Taxpayers are now able to access top tax experts through tax risk insurance.

4. Target Markets Anyone who pays tax can be audited by SARS – even if you think your tax affairs are 100% in order. Small to Medium Enterprises (SMME’s) High Net Worth Individuals Companies Trusts Entrepreneurs More people are being audited by SARS today than ever before!

5. Product Options GTA offers 3 tax risk insurance product options Embedded For Group schemes. Custom made benefits and pricing, according to the need of the Group. Gold Standard Covers the costs of tax professionals, such as accountants and other tax specialists as required to defend the SARS tax audit. Gold Premium Covers the costs of tax professionals, as per Gold Standard. In addition, a tax attorney is appointed to represent the client. Attorney – client privilege applies.

6. The Cover 1.Greatsoft Tax Assist will cover all professional fees (legal and accounting) in order to defend a Policyholder during a tax audit from SARS. 2.GTA will defend policyholders against the following SARS tax audits: Income Tax audits VAT disputes Employee’s Tax disputes Capital Gains Tax disputes Dispute resolution hearings Appeals to Tax Board and Tax Court including settlement negotiations with SARS.

7. Pricing Premiums are based on annual turnover for Companies, or annual taxable income for Individuals.

8. Indemnity Limits Limited by the number of hours of services rendered, or the total costs of the services, whichever is the lesser. Excess = 10% of claim, minimum R1 500

9. Exclusions Summary All taxes, fines, interest or penalties Routine request for supplementary information (such as IT14SD) Any claim notified outside of the Claims Notification period Any claim arising from the late submission of tax returns, unless an extension was granted by SARS Where no proper accounting or tax records were kept Any claim in respect of customs and excise, and exchange control legislation Tax evasion, fraud, dishonesty or any criminal conduct Outside the territorial limits - SA taxes only Material non-disclosure.

10. Underwriting Policyholder completes YES / NO questionnaire in the Proposal Form