Tax Exemption Measures (Individual)
Since 1985, Japan Foundation for United Nations University (jfUNU) has been recognized as a Special Non-profit Entity by the Ministry of Foreign Affairs and the Ministry of Education, Culture, Science, Sports, and Technology. In accordance with tax law, sums of money donated to JFUNU in support of United Nations University’s activities are eligible for tax-exemption. When applying for tax settlement (Kakutei Shinkoku), please attach a receipt issued by JFUNU.
Subtracting 5000 yen from the total amount donated will yield a sum which can then be deducted from the donor’s annual income. The maximum is 40% of annual income. How to calculate income deductions is as follows:
40% of expenditures or total income, whichever is lower – (5000 yen) = (Charity deductible)
Tax Reduction Estimate
Should you make a charitable donation, you can estimate your tax reduction by subtracting 5000 yen from the donated amount, and multiplying the remainder by whatever income tax rate applies to you.
| Taxable income | tax rate |
|---|---|
| 1,000 yen～1,949,000 yen | 5％ |
| 1,950,000 yen～3,299,000 yen | 10％ |
| 3,300,000 yen～6,949,000 yen | 20％ |
| 6,950,000 yen～8,999,000 yen | 23％ |
| 9,000,000 yen～17,999,000 yen | 33％ |
| 18,000,000 yen以上 | 40％ |
A Sample Calculation
For someone with 6.5 million yen in taxable income, donating 100,000 yen will reduce tax as follows:
(100,000-5,000)×20/100=19,000 yen
