At the moment I effectively work for myself, contracting full-time to a single company. I invoice this company $x every month.
In the near future, I would like to either hire or sub-contract other people, probably South Africans living in South Africa. Ideally I would then want to invoice the company a value of $x + $y. It is likely that $x will increase somewhat, so that will come with additional tax obviously. The entire value of $y will be paid to subcontractors/employees.
Is the entire amount of $y tax deductible? I would like to avoid finding myself in the position of paying increased taxes on money that "passes through me" so to speak.
