It is important for a self employed person to register under all the relevant tax heads as soon as it required.
Income tax is the first tax head to register under as soon as you commence working as self employed person.
Employer
You need to register as an employer if you employ staff no matter how many hours a week they work.
Relevant Contracts Tax
This tax applies to Construction / Forestry sector. It is important that construction workers register for same once they commence work – you can register as a sub – contractor or a main contractor.
There are rhree rates 0% 20% and 35% . When you register for RCT the first 3 years the rate is 20%, after 3 years it is important that your tax affairs are kept up to date
so that the 0% is kept.
For more information contact
Nuala McGowan,
McGowan Accountancy Services
Mobile: 086 035 2849