May 25, 2001
This statement updates the information presented in EBS/01/71 (5/10/01) as regards the implementation of prior actions.
On May 15, 2001, the Federation House of Representatives passed sales tax legislation which was still pending when the Staff Report was issued. The Federation legislature amended the legislation in order to introduce two new exemptions, for inputs to beekeeping and for liquid petroleum gas destined for industrial use. In the staffs assessment these two amendments, which should be of minor financial impact, do not run counter to the spirit of the reform since they affect inputs to production.