2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 91

yourself or anyone you care about. Thus, I am also pleased
to announce that the Government will – in this upcoming
fiscal year - also introduce the first phase of the Catastrophic
Care Insurance Plan under NHI during the coming fiscal
year, extending real and tangible critical health care
coverage to Bahamians throughout the country.
Enhancing Tax Administration and Compliance
For the business community, our legislative
reforms are intended to make it easier for them to do
business in the Bahamas and to clarify certain key elements
within our tax laws that have been the subject of contention
between businesses and the tax agencies.
Selected
examples include the following:
• various provisions of the VAT Act are being amended
and/or supplemented to, for instance, streamline the
advance ruling process and simplify the auditing
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