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Relevant Contracts Tax

We handle your RCT

Relevent Contracts Tax (RCT) is a withholding tax that applied to certain payments by principal contractors to subcontractors in the construction, forestry and meat-processing industries.

The rates of RCT are 0%, 20% and 35%.

We can set up the details of your relevant Contract with Revenue, to obtain the Site Identifier Number for the site or project.

Before any payment is issued to the subcontractor, we process the payment notification with Revenue of the Gross amount of the intended payments. Revenue confirm the rate percentage to be deducted from the payment to the subcontractor and confirm the amount to be paid to the subcontractor.

We file the RCT return with Revenue on a montly or quarterly basis and advise you of the liability due to Revenue.

Relevant Contracts Tax Services

  1. Set up the contract
  2. Notify Revenue of payments
  3. Confirm payment to be made to Subcontractor
  4. Submit deduction summary
  5. Process payment to Revenue for RCT deducted
  6. Advise as to the payment amount to subcontractor