Скачать или смотреть Do You Need to Register for RCT? | RCT Tax Rules for Contractors in Ireland

Are you a contractor or subcontractor working in construction, forestry, or meat processing in Ireland? You need to know about RCT – Relevant Contracts Tax.

It is a withholding tax that applies within the construction industry where payments are made by a principal contractor to a subcontractor. It obliges the principal contractor to retain tax from the amount payable to contractors/sub-contractors engaged to carry out relevant operations.

RCT applies to non-Irish resident contractors as well as Irish resident contractors. A principal contractor may include property developers, building companies and all associated building trades, as well as individuals who are connected with these businesses.

In this video, we explain:
🔹 What RCT is and who it applies to
🔹 When and how to register with Revenue
🔹 Deduction rates and when they're applied (0%, 20%, 35%)

For more information on VAT on RCT, Non-resident contractors, and business impact of RCT, refer our article - https://www.nathantrust.com/relevant-...


How can Nathan Trust help?

We can assist you with:

1. Obtaining a tax number in Ireland.

2. Reducing your RCT deduction rate from 35% to 20%. In time, it may be possible to reduce this to 0% but this is unlikely in the short term.

3. Lodging reclaims for RCT deducted.

4. Registering for VAT, if necessary, and filing VAT returns on your behalf.

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