Japan Tax Question (Credit for Political Contributions)
Hokousha
that there's some kind of special deduction you can take for
contributions to political parties (last year this was line 25 of form
A). The instructions merely reference another zeimusho document
(seitou nado kifukin tokubetu koujou wo ukerareukata he), which I
don't have, so I thought I would see if anyone here has any experience
or knowledge about it.
It looks like this is a straight tax credit (rather than a deduction
from taxable income), so if, for example, I'm liable for 1,000,000 yen
in national tax, then it seems like this credit would essentially
allow me to give 1,000,000 to the political party of my choice (i.e.
not the LDP) and owe no tax.
Does anyone know more about this? I figure there must be a whole stack
of special rules and exceptions, and there may not be time to do it
this year, but... I kind of like the idea of being able to say where
my tax money goes, even if it's only a part of it.
Thanks!
Tim
Matthew Endo
> Does anyone know more about this? I figure there must be a whole stack
> of special rules and exceptions, and there may not be time to do it
> this year, but... I kind of like the idea of being able to say where
> my tax money goes, even if it's only a part of it.
Contact a zeirishi or CPA. If you are liable for that much tax, you
need more help than anyone in the group can give.
--
Matt
ma...@gol.com
Hokousha
Oh, I will talk to them, but it's the weekend, you know. They're not
open. And anyway, it's always good to hear the experiences of others.
As for the amount, it's just an example.
Tim
Michael Cash
belched the alphabet and kept on going with:
What are the rules on gaigins making contributions to political
parties in Japan?
--
Michael Cash
"Clinically speaking, Mr. Cash, in males the onset of middle age is defined
as that point at which the number of hours one can go between orgasms with
neither physical discomfort nor mental distress first exceeds the number of
hours one can do the same between bowel movements."
Dr. Floyd Lawson
Student Health Center
Mount Pilot College
Reg Blank
> What are the rules on gaigins making contributions to political
> parties in Japan?
Rule#1: You give, they take.
Reg.
Michael Cash
belched the alphabet and kept on going with:
>Michael Cash wrote:
Oh, so it's just all the other political activities we are banned from
participating in. Figures.
Hokousha
parties, you can claim a tax credit (line 25 form A) of 30% of the
contributions (less 10,000 yen) up to a maximum of 25% of your
previous year's tax. There are complications if you also make
donations to qualified nonprofit organizations, but according to the
guy at the tax office, there are no special restrictions for
foreigners. That said, he was only speaking from a tax perspective.
There may be limitations imposed by other regulations.
Tim