Relevant Contracts Tax (RCT)
Overview
Relevant Contracts Tax (RCT) is a Withholding Tax System that applies to payments made by a principal contractor to a subcontractor under a relevant contract i.e. a contract for the carrying out of, or the supply of labour for the carrying out of, relevant operations i.e. Construction operations, Forestry operations, Meat processing operations, within the State. From the 1st January 2014, when the principal engages a subcontractor on various contracts, the principal will be required to notify each contract separately, except where the contract can be considered to be an on-going contract.
Relevant Contract Tax – Introduction of SIN – December 2015
With effect from December 2015, Revenue have made it a requirement that when we notify them of a Contract, we must include the Site/Project Name and address for all individual jobs/works/contracts within the County. Revenue will then provide an associated Site Identifier Number (SIN) for the site.