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.

Jul 2016

Goombay Summer Festival – 07/07/2016 - 28/07/2016 at 6:00 pm - 11:59 pm

Aug 2016

Junkanoo Summer Festival – 05/08/2016 - 27/08/2016 at 6:00 pm - 12:00 am
46th Annual Bernie Butler Swim Race – 20/08/2016 at 10:00 am - 7:00 pm

Sep 2016

Freeport Player’s Guild President's Cocktail Party – 10/09/2016 at All Day

Oct 2016

Freeport Player’s Guild Dance Central Social – 21/10/2016 at All Day
7th Annual Business Excellence Awards – 22/10/2016 at 7:00 pm - 11:00 pm

Nov 2016

30th Annual Grand Bahama Conchman Triathlon – 05/11/2016 at All Day
Meeting of the Minds: Culinary Fusion – 05/11/2016 at 4:00 pm - 11:00 pm

Dec 2016

Festival Noel. – 02/12/2016 at All Day
View Full List

Recent Posts

807, 2016

July 8th, 2016|Comments Off on

THE Grand Bahama Chamber of Commerce
Business Excellence Awards
 

We are now accepting nominations for the Business Excellence Recognition Awards.  These prestigious awards are designed to honour outstanding Grand Bahamian businesses and executives.

 

Entries for nominations should include […]

2906, 2016

Monthly Business Luncheon – Presenter: Ms. Sarah St. George

June 29th, 2016|Comments Off on Monthly Business Luncheon – Presenter: Ms. Sarah St. George

Ms. Sarah St. George ,Vice Chairman, The Grand Bahama Port Authority, Limited

Topic: The economic rebound of Freeport; as it relates to the extension of the HCA.

Friday, July 15, 2016 @ 12:30 P.M.
Coral Reef Room, Canal House
Pelican Bay Hotel
Lucaya, Grand Bahama Island

[…]

2806, 2016

Bahamas Financial Services Set To Feel Brexit’s Impact

June 28th, 2016|Comments Off on Bahamas Financial Services Set To Feel Brexit’s Impact

The UK’s decision to leave the European Union (EU) could have a significant impact on the Bahamas’ financial services industry, the Chamber of Commerce’s chairman urging this nation to be an “interested observer” of what […]

1606, 2016

GB Chamber invests in entrepreneurs

June 16th, 2016|Comments Off on GB Chamber invests in entrepreneurs

The Grand Bahama Chamber of Commerce is establishing a new venture capital fund with the aim of supporting the island’s fledging entrepreneurs. Pictured: GBCC president Kevin Seymour. (Photo courtesy Keen i Media)

[…]

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