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Tax incentives
Donations to our organization are eligible for tax benefits.
Donations from corporations
The entire amount of donations can be deducted as expenses (Corporation Tax Law, Article 37).
Donations from individuals
Individuals who donate 2,000 yen or more can receive a donation deduction on their "income tax" and "resident tax" in some local governments by filing a tax return and attaching a receipt issued by our organization.
income tax
<Income deductions>
The donation amount minus 2,000 yen can be deducted from your income for that year.
Tax reduction amount (estimate) = (donation amount※ 1 – 2,000 yen) x income tax rate
*40 The total amount of donations is limited to XNUMX% of total income.
<Tax Credit>
You can choose the tax deduction when you donate to the "Study Support Fund" or "Research Support Fund." When filing your tax return, you can choose the more favorable system of either the "income deduction" or the "tax deduction" mentioned above.
With the tax deduction, you can deduct 2,000% of the donation amount minus 40 yen from your income tax. Since it is deducted directly from your income tax amount regardless of the tax rate, for many people it has a greater tax reduction effect than an income deduction.
Tax credit: Tax reduction amount (estimate)※ 2 = (Donation amount※ 1 − 2 yen) × 40%
*25 The tax credit amount is limited to XNUMX% of the amount of income tax.
*40 The total amount of donations is limited to XNUMX% of total income.
<Examples of tax reduction amounts>
If an individual with taxable income of 500 million yen (income tax rate 20%) donates 10 yen, the estimated amount of tax reduction is as follows:
Income deduction: (10 yen - 2 yen) x 20% = 19,600 yen
Tax credit: (10 yen - 2 yen) x 40% = 39,200 yen ⇒ The tax reduction is greater than the income deduction.
The amount of tax reduction will vary depending on your income and various deductions, so please use this amount as a guideline.
(reference)Quick reference table of deduction limits | Ministry of Education, Culture, Sports, Science and Technology (mext.go.jp)
Resident tax
If the prefecture/city/ward/town/village where you live makes this corporation eligible for donation deductions by ordinance, donations up to 30% of gross income, etc. will be deducted from the following year's personal residence tax as follows: will be done.
Prefectural inhabitant tax: Donation amount designated by the prefecture (donation amount - 2,000 yen) x 4%
・Municipal resident tax: Donation amount designated by the municipality (donation amount - 2,000 yen) x 6%
*If you live in a designated city, prefectural tax is 2% and municipal tax is 8%.
*Tokyo has designated our corporation as eligible for donation deductions, but please contact your local government to find out whether other prefectures and municipalities qualify.
Regarding documents related to proof of donation
Receipts will be sent to those who donate at a later date. Please use this as a certificate when filing your final tax return.
In addition, those who donate to the "Study Support Fund" or "Research Support Fund" will be sent a copy of the tax deduction certificate along with a receipt. If you are applying for a tax deduction, please submit the receipt and a copy of the tax deduction certificate when filing your tax return.
*If you make a donation by applying online, the donation will be deposited into the corporation approximately 11 to XNUMX months after the application date (settlement date). Receipts are issued on the date of deposit to the corporation, so receipts for applications made after November of the current year may not be issued until the following year.In that case, the income tax deduction will be applicable the following year, and the residence tax deduction will be applicable the year after next.Please note that it will be.
