Tax credits (after taxation in fiscal 2021)

In order to ensure that the burden on individual taxpayers does not change due to the tax reform accompanying the transfer of tax sources, reduction measures have been taken to adjust the increase in burden based on the difference between the personal deduction of income tax and resident tax in personal residence tax from 2007. For taxpayers whose total income is 25 million yen or less, the amount calculated by the following calculation method will be deducted from the total calculated income percent.
The calculation method for adjustment deduction is as follows.

• When the total taxable income of personal residence tax is 2 million yen or less
  5% of the lesser of the following (a) and (b) (municipal tax 4%, prefectural tax 1%)
  (a) Total difference between income tax and personal deduction
  (b) Total taxable income of personal residence tax
• When the total taxable income of personal residence tax exceeds 2 million yen
  5% (municipal tax 4%, prefectural tax 1%) of the amount obtained by subtracting the amount of (a) from the amount of the following (a) (50,000 yen if it is less than 50,000 yen) (50,000 yen)
  (a) Total difference between income tax and personal deduction
  (b) Amount obtained by subtracting 2 million yen from the total taxable income of personal residence tax

　※　Taxpayers whose total income exceeds 25 million yen will not be subject to adjustment deduction.

Of those who have been subject to special deductions such as housing borrowings for income tax and who have not been able to deduct the deductible amount for income tax, the amount calculated by the following formula from the contents of the salary payment report and income tax return Deduct from the total calculated income percent.

(a) Donations to prefectures and municipalities (subject to special deductions), (a) certain donations to community fundraising associations in the Address area or branches of the Japanese Red Cross Society, (c) donations to prefectures and municipalities (except for special deductions), (d) donations to organizations designated by Yokohama City by ordinance, and (e) donations to organizations designated by Kanagawa Prefecture (outside sites), municipal tax and prefectural tax are calculated by the following methods.

• For details"Donation tax system for personal residence tax such as hometown tax payment" in Ministry of Internal Affairs and Communications homepage (outside site)Please take a look at it.
• When donating (hometown tax payment) to Yokohama City, "hometown tax payment" to Yokohama CityPlease take a look at it.

Municipal tax…("Total amount of (a), (a), (c) and (d) above or "30% of gross income, etc."-2,000 yen) x 8%
Prefectural tax…("Total amount of (a), (a), (c) and (e) above" or "30% of gross income, etc. "-2,000 yen") x 2%

Municipal tax…The lesser of "(a) amount-2,000 yen) x deduction ratio x 4/5" or "Municipal tax income percent (after deduction of adjustment deduction) x 20% (*)"
Prefectural tax…The lesser of "(a) amount-2,000 yen) x deduction ratio x 1/5" or "Prefectural tax income percent (after deduction of adjustment deduction) x 20% (*)"
（※） By fiscal 2015, it was 10%.

Among those donated to local governments after April 1, 2015, if there is an application of the hometown tax payment one-stop exception system (declaration exception system), the tax exception deduction will be added. The declaration exception deduction amount is the amount obtained by multiplying the exception deduction amount by the ratio listed in the following table.
※Guidance about expansion of donation tax credit (hometown tax payment)

In order to receive deductions from income tax, personal municipal tax and prefectural tax, it is necessary to file a final tax return with the relevant tax office in Address by March 15 of the year following the donation.
In addition, person who receives income tax becomes 0 yen by receiving mortgage loan deduction and receives deduction from only personal municipal tax, prefectural tax needs report to ward office to live. (Click here for the form of the declaration.)
In addition, at the time of declaration, a donation receipt certificate (receipt issued by the local government that donated) is required.
※Excludes those who have been subject to the Hometown Tax One-Stop Exception System.

◆It is convenient to create a final income tax return at the “Final income tax return preparation corner” (National Tax Agency) (external site).
In this corner, you can enter the amount etc. according to the guidance on the screen, the tax amount etc. will be automatically calculated and you can create a final income tax return, so please use it.
Specifically, please see "final tax return special feature" (National Tax Agency) (outside site). In addition, please see "hometown tax payment (donation deduction) (National Tax Agency) (outside site) for those who are eligible for donation deduction of hometown tax payment in salary earners who have been adjusted year-end.
※Guidance about expansion of donation tax credit (hometown tax payment)

If the total income amount is less than a certain amount, the amount calculated by the following formula (adjustment of income percent) is deducted.

Adjustment amount of income percent = income percent tax exemption limit-(gross income amount, etc.-income percent (*)))
(※) If there is an adjustment deduction, dividend deduction, special tax deduction such as housing borrowings, donation tax deduction (excluding special deduction for declaration), and foreign tax deduction, the amount after deduction.

When a tax equivalent to income tax and municipal tax / prefectural tax is imposed in a foreign country, the amount that could not be deducted by income tax is deducted from the prefectural tax income percent up to 6% of the foreign tax credit limit of income tax. However, the amount that could not be deducted even with the prefectural tax income percent will be deducted from the municipal tax income percent up to 24% of the foreign tax credit limit of income tax.

If specific dividends are stated in the tax return, etc., the income percent (after adjustment deduction, dividend deduction, special tax deduction such as housing borrowings, donation tax deduction, foreign tax deduction, and income percent adjustment measures) ), And refund or appropriate those that cannot be deducted.

If there is a declaration of gains on the transfer of listed stocks, etc. in the withholding account, the income percent (adjustment deduction, dividend deduction, special tax deduction such as housing borrowings, donation tax deduction, foreign tax deduction) The amount of transfer income for stocks, etc. will be deducted from the amount after deduction of adjustment measures for income percent), and those that cannot be deducted will be refunded or applied.

If you have any questions, please contact each ward office.