S.L. 123.190 Art. 3Tax exemption.

Subject to the other provisions of these rules, a voluntary organisation shall be exempt from tax for any year of assessment in respect of which it satisfies all the following conditions:

(a) it is an enrolled organisation;

(b) its turnover for the year immediately preceding the year of assessment does not exceed fifty thousand euro (50,000); and

(c) it is compliant with all the provisions of the relevant Act that are applicable to it.