• The main things remain the main things

    The Grand Bahama Chamber of Commerce (GBCC) submitted its latest compilation of survey data to the Prime Minister’s office and the Grand Bahama Port Authority’s Chairman as it continues to advocate for the business community in Grand Bahama and its economic survival

  • WORKPLACE GUIDELINES DURING COVID-19

    Health and Safety at Work Act of 2002 - “It shall be the duty of every employer to ensure, so far as is reasonably practical, the health, safety and welfare at work of all his employees.” This document is to provide recommendations to employers regarding best practices for maintaining the physical and mental health of their employees during the COVID-19 pandemic.

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

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

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.

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Recent Posts

1005, 2024

Prime Minister Philip Davis delivers speech at the Grand Bahama Chamber of Commerce business meeting.

May 10th, 2024|Comments Off on Prime Minister Philip Davis delivers speech at the Grand Bahama Chamber of Commerce business meeting.

Prime Minister Philip Davis delivers modern-day "Bend or Break" speech at the Grand Bahama Chamber of Commerce business meeting. https://www.facebook.com/opmbs/videos/prime-minister-philip-daviss-keynote-address-to-the-grand-bahama-chamber-of-comm/808878284001228/    

1005, 2024

The Grand Bahama Chamber of Commerce participated in the Freeport Business Expo – Tourism Edition

May 10th, 2024|Comments Off on The Grand Bahama Chamber of Commerce participated in the Freeport Business Expo – Tourism Edition

The Grand Bahama Chamber of Commerce participated in the Freeport Business Expo - Tourism Edition, which was held on Thursday, May 2nd, at the Grand Lucayan Resort. The expo was hosted by the Grand Bahama [...]

1005, 2024

GBCC Attends Ministry of Education and Technical and Vocational Training’s – The Bahamas Best Education Sector Transformation (BEST) Project Launch

May 10th, 2024|Comments Off on GBCC Attends Ministry of Education and Technical and Vocational Training’s – The Bahamas Best Education Sector Transformation (BEST) Project Launch

President James Carey and 2nd Year Director Ineka Johnson attended the official launch of Ministry of Education and Technical and Vocational Training's - The Bahamas Best Education Sector Transformation (BEST) Project on Monday, May 6th, [...]

1005, 2024

GBCC BUSINESS DINNER MEETING WAS A SUCCESS!!!

May 10th, 2024|Comments Off on GBCC BUSINESS DINNER MEETING WAS A SUCCESS!!!

The Grand Bahama Chamber of Commerce first business meeting for the year was held on Monday, May 6, 2024, at the Grand Lucayan Resort. Our keynote speaker was The Hon. Philip E. Davis, K.C., M.P., [...]

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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.