Opinion / Inquiry Page
Tax incentives for donations
Personal donation
1.income tax
Contributions to Tsukuba Medical Center can be deducted by donors by choosing either a tax deduction or an income deduction.In many cases, the tax amount will be less than before if you choose "tax credit".
(1) Tax credit calculation
(total amount of donation - 2,000 yen) x 40% = amount of donation deduction
*The total donation amount is limited to 40% of the annual income amount.
*The donation deduction is limited to 25% of the income tax amount.
(2) Income deduction calculation
(Total amount of donation - 2,000 yen) x Income tax rate = Amount of donation deduction
*The total donation amount is limited to 40% of the annual income amount.
*Income tax rate varies depending on annual income amount.Please refer to the website of the National Tax Agency for the income tax rate.
2.Individual inhabitant tax
Donations designated by prefectures and municipalities in their respective ordinances are eligible for individual inhabitant tax reduction measures (donation deduction). (Please note that it is not uniform nationwide)
You can receive donation deduction under the following conditions based on the amount after deducting 2 yen from the donation amount.
In the case of designation by prefecture, 4% is tax deductible for personal prefectural tax.
In the case of designation by municipality, 6% is tax deductible for individual municipal inhabitant tax.
When you file your final tax return for income tax, you can also declare the deduction for donations for personal inhabitant tax.
The upper limit is 30% of annual income.
3.inheritance tax
If you donate part or all of your inherited property to Tsukuba Medical Center, the donated property will not be subject to inheritance tax.
Inheritance tax returns must be filed within 10 months from the day after the decedent's death.
Donations made by bequests (donations made by will) are also eligible for inheritance tax deduction.
Please contact us for details.
About bequest
Above, 1.income tax; 2.In order to receive deduction for donations for personal residence tax, a final tax return is required.Please submit a receipt issued by Tsukuba Medical Center and a "certificate of tax exemption" together with your tax return.
The tax return period is from February 2th to March 16th every year. (In the case of Saturdays and Sundays, the next day or the day after next)
Please note that donations cannot be deducted during the year-end tax adjustment, etc. conducted at your place of employment.Please attach the receipt issued by this corporation when filing a declaration.
Also, 3.For inheritance tax deductions, please contact the Tsukuba Medical Center.
corporate donation
Donations to Tsukuba Medical Center are separate from general donations, and can be deductible up to the following amounts.
Deductible limit = (amount of capital, etc. x 0.375% + income amount x 6.25%) ÷ 2
*The amount of capital, etc. refers to the total amount of capital and capital reserves.
The limit depends on the amount of capital and income of the corporation.
In order to include the donation as a deductible expense, please indicate the amount of the donation on your tax return and submit a statement and receipt of the donation, as well as proof that Tsukuba Medical Center is a public interest incorporated foundation.
For details, please check with your local tax office or tax accountant.