If I have an Import VAT Credit Facility (IVCF), does it mean that I do not have to pay VAT?

  • LRA FAQs
  • 7. Other
  • If I have an Import VAT Credit Facility (IVCF), does it mean that I do not have to pay VAT?

If I have an Import VAT Credit Facility (IVCF), does it mean that I do not have to pay VAT?

 No, having IVCF only means that goods can be imported without having to pay VAT upfront at the port of entry. Payments for IVCF are expected on or before the 20th day of the month following the month in which goods were imported on credit.

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