THE BAHAMAS CHAMBER OF COMMERCE AND EMPLOYERS CONFEDERATION
P.O. Box N 665 | Nassau, New Providence | The Bahamas
Shirley Street and Collins Avenue
Fax 242 322 4649 | Tel 242 322 2145
info@thebahamaschamber.com | www.thebahamaschamber.com
____________________________________________________________________________________
FOR IMMEDIATE RELEASE
Date: September 26, 2014
Contact: Keshelle Davis
Phone: (242) 322-2145
Email: institute@thebahamaschamber.com
Website: www.bahamaschamber.com
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Offers
VAT Training
BCCEC to Provide VAT Training Courses Through Its Educational Division, The Chamber
Institute
NASSAU, BAHAMAS – The Chamber Institute expands its 2014 training portfolio with VAT
Training Courses. Building on the success of its industry-leading series of more than 300 online
courses, the Chamber Institute is continuing its support of the entrepreneurial community with a
fresh series of VAT Training courses.
Keshelle Davis, Executive Director of The Chamber Institute, says: “Our first official VAT seminar
will we held on September 30th at The British Colonial Hilton on Bay Street. The initial session
is a full day workshop from 9am to 5pm with a focus on pre-registration training of VAT –
basically, it’s everything business owners and entrepreneurs should know before registering for
VAT.”
The BCCEC has compiled a team of five trainers to spear head The Chamber Institute’s VAT
training sessions, including its Executive Director, Keshelle Davis; CSR – Business Advisory
Lead at Bahamas Development Bank, Montgomery Miller; COB’s School of Business Lecturer,
Glenn Davis; Insurance expert, Nadine Fraizer; Chartered Quantity Surveyor and Construction
Cost Consultant, Raeh Roker-Williams. Guest speakers for the event is John Rolle, Financial
Secretary, Ministry of Finance, and Minister Michael Halkitis, M.P., Minister of State for Finance.
All trainers completed a rigorous training process, led by Dean Wotten – UK Based VAT
Consultant and trainer.
With merely a few short months to train staff in the area of VAT compliance, many business
owners are stressed and overwhelmed by the herculean task of ensuring that their businesses
are prepared and VAT compliant. The Chamber’s courses are designed to alleviate the stress
that business owners are facing in the complex field of tax compliance. Organized into three
separate parts with registration workshops running weekly in morning, afternoon and evening
sessions, Part One of the trio commences on September 30 th, 2014. VAT Part One includes:
DIVISIONS: TRADE & ECONOMIC DEVELOPMENT AND EASE OF BUSINESS | CHAMBER INSTITUTE | EMPLOYMENT AND LABOUR RELATIONS | ENERGY AND ENVIRONMENT
| FAMILY ISLANDS | FINANCE AND FUNDRAISING | SMALL AND MEDIUM ENTERPRISE | POLICY & REGULATORY I MEMBERSHIP I TAX REFORM I INNOVATION AND COMPETITIVENESS I MARKETING
AND PUBLIC RELATIONS|CRIME PREVENTION| ORGANIZATION OF YOUNG PROFESSIONALS (OYP)
THE BAHAMAS CHAMBER OF COMMERCE AND EMPLOYERS CONFEDERATION
P.O. Box N 665 | Nassau, New Providence | The Bahamas
Shirley Street and Collins Avenue
Fax 242 322 4649 | Tel 242 322 2145
info@thebahamaschamber.com | www.thebahamaschamber.com
____________________________________________________________________________________
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The Basics: Understanding How VAT Works
What’s the Meaning of "In-Business"?
Who Should and Shouldn’t Register and Why
Basic VAT Law and Documents
Understanding Output Tax, Input Tax and Taxable Supplies
Rates of Tax: Standard rates, Zero rates, and Exemptions Transactions
All About Group Registrations
When to Register and Penalties for Late Registration
How to Choose An Accounting Scheme for Your Business
Expanding on the knowledge acquired in the first session, Part Two focuses on providing a
comprehensive guide through the VAT registration process. VAT Part Three follows with
operational procedures, recordkeeping, returns, and best practices. Members of the BCCEC pay
$160.00 per course, while non-members pay $190.00.
Details
of
all
VAT
training
courses
can
be
provided
by
emailing:
institute@thebahamaschamber.com. In addition, the Chamber Institute offers training services,
delivered in-house to management teams, upon request and will announce its VAT eLearning
courses early October.
About The BCCEC: The BCCEC serves as the premier employers’ and business organization
in the Bahamas by developing, promoting and protecting trade activity as well as the interests
of employers on all social and labour policy issues within the context of true tri-partism, in
national, regional and international forums.
About The Chamber Institute: The Chamber Institute (CI) is the educational division of the
BCCEC providing specific training programs to its members including career and business
development, online training, and certification programs. The Chamber Institute is focused on
providing core competency programs that will compliment industry specific training carried out
by any of the various associations and organizations in the Bahamas.
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DIVISIONS: TRADE & ECONOMIC DEVELOPMENT AND EASE OF BUSINESS | CHAMBER INSTITUTE | EMPLOYMENT AND LABOUR RELATIONS | ENERGY AND ENVIRONMENT
| FAMILY ISLANDS | FINANCE AND FUNDRAISING | SMALL AND MEDIUM ENTERPRISE | POLICY & REGULATORY I MEMBERSHIP I TAX REFORM I INNOVATION AND COMPETITIVENESS I MARKETING
AND PUBLIC RELATIONS|CRIME PREVENTION| ORGANIZATION OF YOUNG PROFESSIONALS (OYP)