Donations to our university are eligible for exemption from income tax, resident tax, corporate tax, etc.
Individuals
Income tax
Donors (taxpayers) can apply for a donation deduction by filing a tax return. At that time, they can choose either the "tax deduction" or the "income deduction" whichever is more advantageous for them and receive the donation deduction.
Tax Credit
[Amount deducted]
(Total donation amount *1- 2,000 yen) x 40% = Tax deduction amount *2
When you file your tax return, the tax credit amount is deducted from your income tax.
*1 The limit is 40% of the total income for that year.
*2 The deduction amount is limited to 25% of the amount of income tax.
Income deduction
[Amount deducted]
(Total donation amount *3- 2,000 yen) x income tax rate *4 = income deduction amount
When filing your tax return, the deduction amount is deducted from your income to calculate your income tax.
*3 The limit is 40% of the total income for that year.
*4 Income tax rates vary depending on the amount of annual income. Please check the National Tax Agency website for income tax rates.
Resident tax
If you live in Chiba Prefecture or Ichikawa City, where donations are designated as tax-deductible by ordinance, you can claim a deduction from your individual resident's tax. When filing your income tax return, you can also claim the donation deduction from your individual resident's tax.
For corporations
You can choose from the following two types.
Designated recipient donation system
This is a system where donors (corporations) make donations to the school corporation of their choice through the Japan Private School Promotion and Mutual Aid Corporation, and can deduct the entire amount of the donation as a loss. A special application form is required, so please contact us in advance.
Specific donation system for specified public interest corporations
Donations can be deducted as expenses in addition to the general donation deductible limit. The documents required for the procedure are [1] a donation receipt and [2] a copy of a certificate of being a designated public interest corporation.
[Limit of deductible expenses]
([a] Capital standard amount + [b] Income standard amount) × 1/2
[a] Capital standard amount = amount of capital, etc. × number of months in the fiscal year ÷ 12 months × 0.375%
[b] Income standard amount = Current income amount x 6.25%