On 27 August 2017, the Federal Tax Authority (FTA) in the United Arab Emirates (UAE) has published its Value-Added Tax (VAT) legislation in its official gazette confirming that VAT will be implemented, effective 1 January 2018. VAT is a consumption tax which is charged at the standard rate on all goods and services in the UAE except those which are specifically zero-rated or exempted. Our systems will be designed to ensure that VAT is charged, collected and deposited in accordance with the VAT legislation. VAT will be introduced at the standard rate of 5%. All fees from Logic Utilities to our customers, including both those issued already and those that will be issued in the future, will be subject to VAT at the prevailing rate of 5% where applicable. All energy charges (consumption, demand charges, surcharges) will also be subject to VAT of 5% where applicable.