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RCT | Relevant Contract Tax Registration

We understand that starting a business can be challenging. Our fees are affordable and come with excellent customer service.

Overview

Handling tax issues is never easy, however, always essential for a company operation in Ireland. You can be a business guru but what the point if the Revenue knocks at your doors. At Chern & Co, we can help you build long-term smooth relationships with Revenue by assisting you with tax registration. We assist in Relevant Contracts Tax (RCT) Registration with Revenue as well as with other taxes necessary for the well-being of your company.

What is Relevant Contracts Tax or RCT

The Revenue of Ireland gives a precise and comprehensive definition of RCT. According to the Revenue experts, this is “a withholding tax that applies to certain payments by principal contractors to subcontractors in the construction, forestry and meat-processing industries”.Principal contractors should ensure they are registered to use ROS services. Subcontractors, in their turn, need to apply for registration to access details regarding their RCT transactions.

The Current RCT Rate in Ireland

We already learned that you need to apply for Relevant contracts tax RCT registration with revenue if your business is involved in construction, forestry, and meat-processing service. But how much must owners of the enlisted businesses pay? Let’s clarify it right now! RCT rates are 0%, 20% and 35%. How much you will have to pay directly depends on the subcontractor’s tax compliance position.

Special note: Individuals must be registered for Income Tax in Ireland in order to apply for RCT registration. RCT registration service with Chern & Co does not include income tax registration. If you are not registered for Income tax, please, inform our manager about it.

Benefits of Applying for Relevant Contracts Tax (RCT) Registration with Revenue with Chern & Co

There are several reasons to let Chern & Co experts do their magic and assist you in Relevant Contracts Tax (RCT) Registration with Revenue.

It is affordable: we offer a budget-friendly option of assisting in RCT registration in Ireland. This is one of the most reasonable offers on the market and an excellent option in terms of the price-quality ratio. 

It will get you rid of the hassle: we are perfectly aware of all the legal requirements of tax registration in Ireland. Rest assured you will not have to worry about anything. 

It is fast: our expertise and commitment allow us to deliver assistance with RCT tax registration in Ireland within the fastest terms.

How is the Service Delivered

At Chern & Co, we believe in a fast and unproblematic service delivery process. Thus, check out a few super easy steps we take to assist you with relevant contracts tax (RCT) registration with Revenue!

  1. You leave an application and our managers contact you ASAP.
  2. We clarify the details and prepare an invoice for payment. You can pay in any convenient way.
  3. You fill out the documents and send scans electronically.
  4. Service is in progress. We contact ROS (Revenue Online Service) and handle all the legal processes in tight cooperation with you.
  5. Done! You are registered with RCT and can continue trading with peace of mind!

Our streamlined process and a strong commitment to your satisfaction empower us to assist you with relevant contract tax (RCT) registration with revenue in 2 weeks. Please notice that things sometimes may take longer depending on each case separately. Our managers will do their best to assist you in handling the process in the most time-efficient way.

Relevant Contracts Tax (RCT) Registration with Revenue with Chern & Co

For over 12 years, Chern & Co has been providing customers with superb assistance in managing their companies in Ireland. We will help you start your business route and supervise you as you decide to grow. Our strong customer support and dedication to your goals will ensure your positive experience with Chern & Co. Wait no longer to apply for assistance with RCT registration to us!

If you have any questions left, feel free to contact us. We believe in a client-oriented approach and so our managers are open to inquiries. Chern & Co will help you select the best service for your business absolutely free of charge.

Disclaimer: The content of this page is for acquainting purposes only and is subject to change. It does not constitute any professional advice. No liability is accepted by Chern & Co for any actions taken or not taken in reliance on the information set out in this article. Professional, legal or tax advice should be obtained before taking or refraining from any action.

RCT | Relevant Contract Tax Registration

150 excl. VAT

What’s Included:

  • Assistance with preparation
  • Filing all the necessary documents for RCT registration

What You Need To Know

Frequently Asked Questions

Setting up a company in Ireland carries plenty of benefits. These are the smooth process of annual returns submission, low Ireland corporate tax rate (lowest in the EU), official documentation in English, access to the European market, the brilliant reputation of Ireland as a business-friendly country, availability of progressive and educated workforce.

It takes just a few hours to fill in and prepare necessary company documents and forms. Once documents are submitted to the CRO, it usually takes 3-5 days to issue a company registration number. Due to the impact of Covid-19, the Companies Registration Office may process applications for up to 2 weeks.

Yes, there is no need to physically come to Ireland to set up a company. Certainly, you are more than welcome to visit the country. It’s beautiful! Forms are uploaded digitally using scanned pdf files of original signatures. Please note, CRO does not accept digital signatures done by typing a name or drawing a signature.

A company is a legal entity separate and distinct from those who own or run it. In order to incorporate a company a Form A1 shall be filled in and submitted together with a Constitution to the Registrar of Companies with scanned signed originals. Anyone can register a company themselves. However, it is advised to use a professional to ensure compliance with the Companies Act 2014. Each company must have a director and a secretary, must carry business in the state and have a registered office address in Ireland.

Limited company is a separate entity from a legal person. Ltd companies are limited by shares. If business is liquidated, the company’s liabilities are treated separately to those of its shareholders and directors, in a way, protecting them from debt and financial losses of the business itself. Partnerships, on the other hand, have limited and unlimited partners who are treated as legal persons. Unlimited partners are responsible for all debt and liabilities accrued by the business.

A company can be closed or wound up by a process called Voluntary Strike-Off. This is a quick and easy way to dissolve the company without any consequences for the founders and directors. Both trading and non-trading companies can be closed. The main criteria for eligibility would be no debts and no assets above €150. If this condition is not met, the company shall be liquidated or will be struck off the register by CRO by a process called Involuntary Strike Off with possibility of fine. Book in a free consultation to discuss winding up of your company.

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Chern & Co team offers Registered Office Address, Business Address, Company Secretary, Nominee Director, Nominee Shareholder and other professional services to international customers who need to set up a branch or present in the European Union.

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Chern & Co Ltd
18 Mallow Street Upper
Limerick
V94 N12Y

Office Hours

Monday to Friday
9 am – 5 pm

Company Registration: 604324

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