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.

Jan 2017

UN Day Festival – 28/01/2017 at 2:00 pm - 5:00 pm

Feb 2017

Annual Installation of Officers & Directors – 04/02/2017 at 7:00 pm - 11:30 pm

Mar 2017

Grand Bahama Dog Days Half Marathon – 25/03/2017 at All Day
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Recent Posts

1001, 2017

Annual Installation of Officers & Directors

January 10th, 2017|Comments Off on Annual Installation of Officers & Directors

 

7 p.m. – Midnight  | Venue:TBA

Join the business community for the annual installation of the Chamber of Commerce new board of directors. Approximately 200 members of the Grand Bahama business community are expected to join […]

2010, 2016

Rules for Importation of Duty Free Supplies Under Declaration of Exigency Order

October 20th, 2016|Comments Off on Rules for Importation of Duty Free Supplies Under Declaration of Exigency Order

PROCEDURES

1) “Individuals importing Goods and applying for Duty and VAT Exemption will be allowed to import Goods valued at $3,000.00 or less without NEMA’s approval, once they accompany their goods and complete the NEMA Application […]

1710, 2016

GB Chamber’s Announcement of Partnership with GB Red Cross and Appeal for Food & Building Supplies

October 17th, 2016|Comments Off on GB Chamber’s Announcement of Partnership with GB Red Cross and Appeal for Food & Building Supplies

1108, 2016

Grand Bahama Chamber of Commerce Monthly Business Meeting

August 11th, 2016|Comments Off on Grand Bahama Chamber of Commerce Monthly Business Meeting

Please join us for an informative and educational meeting on Friday, August 26, 2016 @12:30 p.m., Delphine Room, Pelican Bay Hotel.  Topic: “The Threat of De-Risking in The Bahamas” presented by Mr. John A. Rolle, Governor, The […]

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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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