TAX DEDUCTIBILITY OF GIFTS IN JAPANESE YEN
The British School in Tokyo operates under the Gakko Hojin of Showa Women’s University in Setagaya, and Shibuya Kyoiku Gakuen in Shibuya. Within the respective legal ‘umbrellas’ of these two institutions, the School enjoys the status of Tokutei Koeki Zoshin Hojin (Specified Public Interest Promotion Corporation), often referred to as Tokuzo.
Under current Japanese tax law this special tax dispensation status allows the School to issue tax receipts for donations over ¥2,000. Both individuals and corporations may deduct donations from their taxable income. For individuals, the upper limitation is 40% of total taxable income. The limitation for corporations is in accordance with a formula in tax law. More information is available at the Development Office.
There are two ways in which the deductibility can be applied:
- Tax deduction - your donation may be deducted from your taxable income in Japan.
- Tax credit - alternatively, your donation may be deducted from your income tax, after its calculation.
The choice of above method can be made when filing your tax return. It is recommended that you consult your tax advisor.
Please contact the development office firstname.lastname@example.org
if you wish to take advantage of this way to give to BST, and require a tax receipt.