The South African Revenue Service (SARS) recently announced the amendment of the SARS Payment Guide. The guide has been amended to include Investec Bank as the designated banking institution for the processing of Global Minimum Tax (GMT) foreign payments. In general, Foreign Payments can be made via First National Bank (FNB), although GMT payments are specifically excluded. Instead, GMT foreign payments must be made through Investec Bank using the SWIFT payment method and the provided Payme…