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 88