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 energy, water, space, transport, and technology sectors; The planned registration threshold will be annual revenue of USD 100,000; and The introduction of a zero-rate is possible, but not currently planned. In addition, according to updates to the...