23/12/2010

- Reform of Relevant Contracts Tax (RCT)

The Minister for Finance announced that significant reforms will be made to the Relevant Contracts Tax (RCT) system to enhance its effectiveness as part of the Budget 2011. Details of the new system will be included in the Finance Bill 2011
The current paper-based RCT system will be replaced by an electronic system, where principal contractors will be obliged to engage with Revenue online.
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http://www.revenue.ie/en/tax/rct/rct-changes-2011.html

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