By means of Legal Notice 39 of 2021, with effect from year of assessment 2022, a voluntary organisation shall be exempt from tax if its turnover for a given year does not exceed €50,000. This amount was previously capped at €10,000.
For any assistance with regards to the fiscal representation for voluntary organisations, do not hesitate to reach out to our tax principal Timothy Zammit - [email protected].
Principle rules: https://legislation.mt/eli/sl/123.190/eng
Legal Notice: https://legislation.mt/eli/ln/2021/39/eng