Relevant Contracts Tax (RCT)

Relevant Contracts Tax (RCT)

by | May 21, 2019 | General

What is RCT? RCT is withholding tax applied to certain payments made by principal contractors to subcontractors in the construction, forestry and meat – processing industries. Rates of tax range from 0%, 20% and 35% depending on the subcontractor’s tax status with...