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 2017

Humane Society of Grand Bahama Potcake Pals Summer Camp – 31/07/2017 - 04/08/2017 at 8:30 am - 12:00 pm
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Recent Posts

905, 2017

45th Annual McLean’s Town Conch Cracking Festival

May 9th, 2017|Comments Off on 45th Annual McLean’s Town Conch Cracking Festival

11 a.m.-8 p.m. | McLean’s Town
McLean’s Town’s annual homecoming event, featuring lots of conch-themed dishes, as well as competitions and live entertainment in the east end of Grand Bahama. For more information contact: Elaine Smith: […]

805, 2017

US Fulbright Scholar and Entrepreneur Dr. James Dever

May 8th, 2017|Comments Off on US Fulbright Scholar and Entrepreneur Dr. James Dever

The Grand Bahama Chamber of Commerce will host a Meeting with US Fulbright Scholar and Entrepreneur Dr. James Dever on Monday, May 15, 2017 @ 12:00 noon. Dr. Dever is an Associate In Entrepreneurship at […]

805, 2017

ELECTION DAY – Office Hours

May 8th, 2017|Comments Off on ELECTION DAY – Office Hours

The Grand Bahama Chamber of Commerce will be closed @ 12:00 noon on Wednesday, May 10, 2017 – ELECTION DAY. Our office will reopen on Thursday, May 11th @ 9:00 a.m. – 5:00 for business. […]

2804, 2017

GB Chamber encouraged to take active role in responsible governance in The Bahamas

April 28th, 2017|Comments Off on GB Chamber encouraged to take active role in responsible governance in The Bahamas

Executive Director of the Organization for Responsible Governance (ORG) Matt Aubry joined the Grand Bahama Chamber of Commerce (GBCC) Wednesday to discuss a range of social and political reforms he said are necessary to change […]

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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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