• 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

611, 2024

Courtesy Call with the U.S. Embassy, Nassau

November 6th, 2024|Comments Off on Courtesy Call with the U.S. Embassy, Nassau

On Monday, November 4th, the Grand Bahama Chamber of Commerce had the pleasure of hosting Chargé d'Affaires Kim Furnish and her delegation from the U.S. Embassy, Nassau. President Carey and the Board of Directors were [...]

1510, 2024

GBCC Talk Ya Business Podcast Launch

October 15th, 2024|Comments Off on GBCC Talk Ya Business Podcast Launch

Thank You for Joining Us! 🎉 A huge THANK YOU to everyone who joined us for the launch / watch party of our new podcast, ‘Talk Ya Business,’ powered by the Grand Bahama Chamber of [...]

1909, 2024

Retirement of Executive Director, Mercynth Ferguson and our 2nd Year Director, Mick Holding.

September 19th, 2024|Comments Off on Retirement of Executive Director, Mercynth Ferguson and our 2nd Year Director, Mick Holding.

Celebrating Leadership and Service Today, we gather to honor and celebrate two remarkable individuals who have made an unforgettable mark on the Grand Bahama Chamber of Commerce: our Executive Director, Mercynth Ferguson and our 2nd [...]

2608, 2024

GBCC Master Minds Mix and Mingle

August 26th, 2024|Comments Off on GBCC Master Minds Mix and Mingle

Exciting Event Alert! The Grand Bahama Chamber of Commerce will be hosting a Mastermind Mix and Mingle on Friday, September 6th, from 6:00 PM to 9:00 PM at the Grand Bahama Chamber of Commerce (Conference [...]

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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.