Preferential Tax Treatment
- Donations to our university are designated as specified donation (Item (ii) of Paragraph 2 of Article 78 of the Income Tax Act) by the finance minister.
- If a donation exceeds 2,000 yen, the excess is deducted from an income of the year when the donation is given.
However, if a donation exceeds 40% of the total income etc., 40 % is the upper limit.
《How to calculate income deduction》
Deduction for donation = Donation (or Total income × 40%) - 2,000 yen
Individual Inhabitant Tax
If an ordinance of a prefecture or municipality where a donor lives designates our university as a donee with deduction for donation, a donation up to 30% of the total income etc. is qualified for a deduction from an individual inhabitant tax in the next year.
Donation designated by prefecture: (Donation - 2,000 yen) × 4%
Donation designated by municipality: (Donation - 2,000 yen) × 6%
(If both prefecture and municipality designate deduction rates, use 10%)
Since whether you are qualified for municipal tax deduction depends on municipalities, you need to check with the municipal tax division of your municipal government.
How to Take a Tax Deduction
File an income-tax return with your tax office along with our issued donation receipt within a prescribed period.
Note that if a freshman's parent(s) and the freshman make a donation, the donation within a year of enrollment (donation made between a day when we start to accept applications for admission and the end of a year when enrollment is scheduled) is regarded as "donation at school enrollment" in terms of the tax code and it is accordingly not qualified for deduction for donation.
Donations to the Tokyo University of Marine Science and Technology Fund are designated as specified donation for which the Corporation Tax Act permits full inclusion in expenses (Item (ii) of Paragraph 3 of Article 37 of the Corporation Tax Act) by the finance minister.Your donation is deducted from your corporate income and qualified for preferential tax treatment.
For details of final returns, contact the municipal tax division of your municipal government.