Audit Shield

Shield yourself from unexpected tax audit costs.

Every year Inland Revenue audits a vast number of lodged returns. The cost of correctly responding to and resolving an audit, enquiry, investigation or review into your lodged returns can be quite considerable.

The Audit Shield Master Policy is an optional tax audit insurance that protects you from incurring unexpected costs as a result of IRD audit activity.

The policy covers accounting, legal and bookkeeping fees, as well as other specialist professional advisor fees that might be required to assist a response to an Inland Revenue enquiry (up to a prescribed limit).

What lodged returns are covered?

• Dividend Withholding Tax

• Employer Returns

• Fringe Benefits Tax

• GST

• Imputation Credit Account

• Income Tax

• Non-Resident Withholding Tax

• PAYE

• Record Keeping

• Resident Withholding Tax

Key Benefits:

Protection from additional fees: Associated professional fees (up to a prescribed limit) are covered.

Retrospective Cover: Previously lodged returns are automatically covered

Payment is tax deductible: Payment is tax deductible if you are in business or self employed.