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.

May 2015

Spring into Summer Fun – 30/05/2015 at All Day
The Hugh W. Campbell Primary School P.T.A. Committee’s 2nd Annual Family Fun Day & Fair – 30/05/2015 at All Day
UsToo GB Boat Cruise – 30/05/2015 at 8:00 pm - 10:00 pm

Jun 2015

Mitchell “Mitch” Mortimer Golf Tournament – 13/06/2015 at All Day
Bahamas Dance Theater presents its 19th Annual Dance Performance “Heroes” – 20/06/2015 at 7:00 pm - 10:00 pm

Oct 2015

Old Fashioned Ball “The Great Waltz” – 31/10/2015 at 7:00 am - 10:00 am

Nov 2015

Mary Star of the Sea Parish Annual Bazaar – 21/11/2015 at 12:00 pm - 11:30 pm

Dec 2015

Festival Noel 2015 – 04/12/2015 at 7:00 pm - 10:00 pm
View Full List

Recent Posts

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

2404, 2015

Chamber VP Knowles challenges GBPA on promotional activities

April 24th, 2015|Comments Off

The Grand Bahama Port Authority and the Grand Bahama Development Company have been challenged to place a stronger focus on promoting the island internationally.

Grand Bahama Chamber of Commerce Vice President Dillon Knowles is of the […]

1704, 2015

Business Luncheon Meeting: With speaker Mr. Dillion F. Knowles

April 17th, 2015|Comments Off

This Month’s Business Luncheon Meeting will be held on Wednesday 22 April, 2015 at 12:30 p.m. at Pelican Bay in The Delphines Room, Canal House.

The speaker will be Mr. Dillion F. Knowles, 1st Vice President […]

1603, 2015

Missed last week’s VAT Return Filing Workshops?

March 16th, 2015|Comments Off

Missed last week’s VAT Return Filing Workshops? There are 2 more sessions happening this week!

 

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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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