All gifts to the University of Tsukuba Fund are tax deductible in Japan based on the Income Tax Act and the Corporation Tax Act. A receipt from us is needed to apply for the final income tax return.
Deductions/Credits | Qualified people | Deductible amount |
---|---|---|
National income tax deduction | Individual contributors | Gift amount (up to 40% of your annual income) - 2,000 JPY |
National income tax credit (Available only for gifts to the Student Support Project) |
Individual contributors | {Gift amount (up to 40% of your annual income) - 2,000 JPY} × 40% (The deductible amount is up to 25% of your annual income tax amount) |
Prefectural income tax credit | Individual contributors residing in Ibaraki, Chiba or Kanagawa | {Gift amount (up to 30% of your annual income) - 2,000 JPY} × 4% |
Municipal income tax credit | Individual contributors residing in a specific municipality | {Gift amount (up to 30% of your annual income) - 2,000 JPY} × 6% |