Increase in tax exemption threshold for voluntary organisations

Pursuant to LN 39 of 2021, the Enrolled Voluntary Organisations (Tax Exemption) Rules (SL 123.190) have been revised. In terms of the changes, which apply as of year of assessment 2022, the tax exemption in terms of Rule 3 applies to enrolled organisations whose turnover for the year immediately preceding the year of assessment does not exceed €50,000 (increased from €10,000).