Adopt the new income tax code, corporate tax code, and urban property tax code.
At P1R6, this sb was introduced.  On the tax laws, given recent developments, this benchmark was added due to its macro relevance to the program. The laws were prepared as far back as 2006 and the delay in their adoption/implementation was costing the budget important domestic revenue, especially at a time of dwindling oil prospects. One of the three laws has been adopted in May 2008 and the remaining two are now pending approval--delayed due to a fall in the government (no-confidence vote) in May 2008. This information was reported to the Board during the sixth review meeting in June 2008.