In a recent interview with Thomson Reuters Zawaya, Under Secretary of the U.A.E. Ministry of Finance Younis Al Khouri clarified certain aspects of the pending VAT regime, including that:

• VAT at the rate of 5% will be adopted effective 1 January 2018 as planned;
• VAT will apply to most goods and services, although certain exemptions may be introduced for the education, healthcare, renewable en…