Government Tax for Freelancers, off payment total
I work as a freelancer, and in South Africa, places of work pay tax to the government directly on my invoices. This is 20%.
So, for example, if I invoice Company A for $1,000, they will pay $800 to me and pay $200 to the tax authority here.
How is the best way to setup my invoices to account for this for income tracking - I invoice for $1,000 but only get $800 in.
Any help would be greatly appreciated.