Enhancing Customs Compliance in South Africa: SARS Import Payment Notification Initiative
This article highlights the introduction of the Advance Import Payment (AIP) Notification by the South African Revenue Service (SARS) as part of its Customs Modernisation Programmes. In collaboration with the South African Reserve Bank (SARB) and authorised dealers in foreign exchange. In an effort to modernise customs processes and combat illicit financial activities, the South…