Donate to Shine on Kids and save TAX | SBC Group

Donate to Shine on Kids and save TAX

 

For the individual, two options;

1)       Deduction from Income Method

Total donation amount during the year – JPY 2,000

By this method the maximum donation amount is 40% of the individual’s total income.

2)       Deduction from Income Tax Method

For National Tax –

(Total donation amount during the year – JPY 2000) x 40%

By this method the maximum deductable amount is 25% of the National Income Tax

For Local Tax –

(Total donation amount during the year – JPY 2000) x 10%

By the deduction from Income Tax method the maximum donation is 30% of total income.

 

Individual Guide in Japanese Yen

10,000 donation National Income Tax saving using the Deduction from Income Method National Income Tax saving using the Deduction from Income Tax Method
Salary  3M 400 3,200
Salary 5M 400 3,200
Salary 7M 1,600 3,200
Salary 10M 1,840 3,200
Salary 15M 2,640 3,200
Salary  30M 3,200 3,200

 

100,000 donation National Income Tax saving using the Deduction from Income Method National Income Tax saving using the Deduction from Income Tax Method
Salary  3M 4,900 18,000
Salary 5M 9,800 39,200
Salary 7M 19,600 39,200
Salary 10M 22,540 39,200
Salary 15M 32,340 39,200
Salary  30M 39,200 39,200

 

1,000,000 donation National Income Tax saving using the Deduction from Income Method National Income Tax saving using the Deduction from Income Tax Method
Salary  3M 38,300 9,600
Salary 5M 99,800 27,600
Salary 7M 199,600 79,200
Salary 10M 199,600 214,200
Salary 15M 329,340 399,200
Salary  30M 399,200 399,200

 

For the Company.

Deductable Amount for Corporate Income Tax is calculated as follows;

1)       If a company has Paid In Capital (PIC) –

((PIC at year end) x 0.375% + (Income amount) x 6.25%) / 2

= Deductable Amount

2)       If a company does not have PIC –

Income amount x 6.25% = Deductable Amount

Company Guide in Japanese Yen

100,000 Donation

 

 

PIC

 

 

 

Income

Deductable Limit for Corporate Income Tax Deductable Amount for Corporate Income Tax
100,000,000 1,000,000,000 41,357,500 100,000
20,000,000 20,000,000 662,500 100,000
10,000,000 100,000,000 3,143,750 100,000
10,000,000 10,000,000 331,250 100,000
5,000,000 5,000,000 165,625 100,000
1 10,000,000 625,000 100,000

 

1,000,000 Donation

 

 

PIC

 

 

 

Income

Deductable Limit for Corporate Income Tax Deductable Amount for Corporate Income Tax
100,000,000 1,000,000,000 41,357,500 1,000,000
20,000,000 20,000,000 662,500 662,500
10,000,000 100,000,000 3,143,750 1,000,000
10,000,000 10,000,000 331,250 331,250
5,000,000 5,000,000 165,625 165,625
1 10,000,000 625,000 625,000

 

 

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