Advance Import Payments

What is the Advance Import Payment Notification?

The Advance Import Payment (AIP) Notification as part of the Advance Payment Notification (APN) project is one of SARS’ Customs Modernisation Programmes that aims to combat illicit financial flows and customs valuation fraud associated with the misuse of advance foreign exchange payments in respect of goods that are to be imported.

What is the purpose of the APN?

Through this programme, the South African Reserve Bank (SARB), SARS and authorised dealers in foreign exchange will collaborate to make it easy for taxpayers and traders to comply with their obligations, to detect taxpayers and traders who do not comply, and to make non-compliance hard and costly as expressed in SARS’ strategic objectives.

On 3 December 2021, SARS implemented a new functionality on its eFiling platform for importers to notify SARS when they want to apply to an authorised dealer for an advance foreign exchange payment in respect of goods to be imported.

Need more information?

Need help?

For queries and more information, kindly email the Balance of Audit Payment team on [email protected]

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