S.L. 123.56 Art. 2Exemption.

(1) The income of a youth club or youth centre, which is organised and operated exclusively for pastoral purposes, shall, upon approval of the Minister of Finance, be exempt from tax, provided no part of its income is available for the personal benefit of any proprietor or member thereof.

(2) The provisions of subarticle (1) do not exempt such youth club or youth centre from the filling of income tax returns.