Grand Bahama Chamber of Commerce: To Build, To Promote, To Serve!

Stay Connected With The GB Chamber

The Chamber holds general meetings to discuss relevant issues pertaining to commerce. Our aim is to seek solutions and render assistance according to each respective field of trade. Feel free to contact us and don’t forget to follow us on facebook to stay updated with latest chamber events and news.

Confused about V.A.T?

VAT-Handshake

VAT, or Value Added Tax, is a consumption based tax charged on most goods or services locally bought or rendered.
VAT is a stable tax reform that must be supplied in order to create and maintain an ample revenue stream. The increase of debt is an issue that must be detained, along with the realization that past customs activities, along with the decrease in custom duties, are inadequate forms of governmental income. The staged collection process of VAT will allow a safe and effective form of tax passage and will provide sufficient funding to future government activities as well economic and population expansions.
The standard rate of VAT for most goods and services as of July 1st 2018 is 12%. Some goods and services are zero-rated, i.e. a 0% rate of VAT applies to them, and some are exempt. A list of exempt supplies can be found in the VAT Act.
All consumers pay VAT. The VAT collected by the businesses will be paid to the government.

For FAQs related to Business, click here.
For FAQs related to Consumers, click here.
For more information and the latest updates on Value Added Tax be sure to visit the Official VAT Bahamas website.

Jan 2019

Humane Society’s President’s Cocktail Party – 19/01/2019 at 6:00 pm - 11:00 pm

Feb 2019

The American Women's Club Annual Philanthropic Golf Tournament – 23/02/2019 at 7:00 am - 7:00 pm

Mar 2019

23rd March – Dogs Day Marathon – 23/03/2019 at 7:00 am - 12:45 pm
View Full List

Recent Posts

606, 2018

Help Us Help You (2018 Survey)

June 6th, 2018|Comments Off on Help Us Help You (2018 Survey)

Take our 2018 survey to help us get to know you and your business better.  Communication is key and we want to open our ears to hear what you have to say in order to improve our services and help make our community of businesses thrive. […]

1708, 2017

New members join the GB Chamber!

August 17th, 2017|Comments Off on New members join the GB Chamber!

We are proud to announce the newest members of our Chamber:

Name: Fast Track Management Ltd.
Type of Business: Sports Management
Represented By: Ravanno Ferguson

Name: Microtech
Type of Business: Office Products
Represented By: Denis Knowles

Name: SolarUp Bahamas
Type of Business: Solar […]

908, 2017

GB Chamber board members meet with Cable Bahamas rep

August 9th, 2017|Comments Off on GB Chamber board members meet with Cable Bahamas rep

The Grand Bahama Chamber of Commerce cares about its members and the economy. Recently executives of the chamber made a courtesy call on Cable Bahamas executive Mrs. Edris Wilson-Elliott. Photo L-R: Mick Holding, GBCC president, […]

408, 2017

(VIDEO) DPM and Minister of Finance K. Peter Turnquest speaks to the GB business community at July luncheon

August 4th, 2017|Comments Off on (VIDEO) DPM and Minister of Finance K. Peter Turnquest speaks to the GB business community at July luncheon

Deputy Prime Minister and Minister of Finance K. Peter Turnquest speaks at the Grand Bahama Chamber of Commerce luncheon on Friday, July 28, 2017, updating the members and guests about the key financial issues affecting the businesses […]

Download Application

Become a member of the Grand Bahama Chamber of Commerce.

It is the best way of joining hands with other businessmen and attacking the problems in your area
Download Application