ROI VAT & RCT Compliance

RCT is a withholding tax applicable to certain payments made by principal contractors to sub-contractors to ensure they are tax compliant.

The legislation obliges the “principal contractor” to retain tax from the amount payable to contractors/sub-contractors engaged to carry out relevant operations in the absence of specific Revenue authorisations. In 2012 the administration of the system moved to an electronic platform (e-RCT) so all RCT compliance is now conducted online via ROS – Revenue’s online system.