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 is 7.5%. 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.

Sep 2015

UsToo Town Meeting & Information Forum – 04/09/2015 at 7:00 pm
UsToo Town Meeting & Information Forum – 05/09/2015 at 6:00 pm
UsToo GB Annual Prostate Cancer Screening Clinic & Health Fair – 18/09/2015 - 19/09/2015 at All Day
UsToo GB Annual Prostate Cancer Screening Clinic & Health Fair – 18/09/2015 at 6:00 pm - 9:00 pm
UsToo GB Annual Prostate Cancer Screening Clinic & Health Fair – 19/09/2015 at 9:00 am - 5:00 pm
UsToo GB Church Service – 27/09/2015 at All Day
UsToo GB Church Service – 27/09/2015 at All Day
UsToo GB Prostate Cancer Month Luncheon – 27/09/2015 at All Day
UsToo GB Prostate Cancer Month Luncheon – 27/09/2015 at 2:00 pm
The Grand Bahama Chamber of Commerce Monthly Business Meeting – 30/09/2015 at 12:30 pm - 2:00 pm
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Recent Posts

2207, 2015

STATUS OF HAWKSBILL CREEK AGREEMENT TAX CONCESSION

July 22nd, 2015|Comments Off

COMMUNICATION BY THE RT. HON. PERRY G. CHRISTIE
PRIME MINISTER AND MEMBER FOR CENTRVILLE
THE HAWKSBILL CREEK(GRAND BAHAMA DEEPWAER HARBOUR AND INDUSTRIAL AREA) ACT
Dated: July 22nd, 2015
Mr. Speaker:

The Hawksbill Creek Grand Bahama (Deep Water Harbour and Industrial […]

1506, 2015

Mix ‘n Mingle

June 15th, 2015|Comments Off

Join us!

1506, 2015

June Business Meeting: Presenter Dr. Hermann H. Otto

June 15th, 2015|Comments Off

“Success with network marketing Micro and Macro Commercial Markets”
 

1405, 2015

Does the Hawksbill Creek Agreement Matter?

May 14th, 2015|Comments Off

Agenda of the Board of directors Meeting, Thursday, May 14, 2015. Presention by Dillon F. Knowles Grand Bahama Chamber of Commerce 1st VP Recorded by ZNS Freeport

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