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.

Recent Posts

302, 2017

GB Chamber makes generous donation to Bahamas Red Cross on behalf of corporate sponsors

February 3rd, 2017|Comments Off on GB Chamber makes generous donation to Bahamas Red Cross on behalf of corporate sponsors

The Grand Bahama Chamber of Commerce (GBCC) made a generous contribution to the Bahamas Red Cross Grand Bahama Centre last month to aid Hurricane Matthew victims and others in need across the island. Back in October, […]

2501, 2017

GB Chamber discusses Grand Bahama’s future during HCA Review Committee visit

January 25th, 2017|Comments Off on GB Chamber discusses Grand Bahama’s future during HCA Review Committee visit

In keeping with its commitment to open communication, the Grand Bahama Chamber of Commerce’s (GBCC) new executive board met with heads of the Hawksbill Creek Agreement Review Committee this month to establish familiarity between the […]

1901, 2017

GB Chamber commits to open communication with government agencies

January 19th, 2017|Comments Off on GB Chamber commits to open communication with government agencies

Grand Bahama Chamber of Commerce (GBCC) executives met with local heads of the Customs Department this month as part of a series of courtesy calls to various government agencies. Led by 2017 GBCC President Mick […]

1701, 2017

GB Chamber starts new year with Ministry for Grand Bahama visit

January 17th, 2017|Comments Off on GB Chamber starts new year with Ministry for Grand Bahama visit

Newly elected executives of the Grand Bahama Chamber of Commerce (GBCC) paid a courtesy call on Minister for Grand Bahama Dr Michael Darville last week as part of their 2017 mandate to foster open communication […]

Download Application

Become a member of the Grand Bahama Chamber of Commerce.

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