Tax credit (taxed in fiscal 2020)

In order to prevent the burden on individual taxpayers from changing due to the tax system revision accompanying the transfer of tax sources, reduction measures have been taken to adjust the increase in burden based on the difference between income tax and the personal deduction of resident tax will be taken in personal residence tax from 2007 onwards. The amount obtained by the following calculation method will be deducted from the total calculated income percent.
The calculation method of the adjustment deduction is as follows:

• When the total taxable income of personal residence tax is 2 million yen or less
  5% of the following (a) and (a) (40% municipal tax, 1% of prefectural tax)
  (a) Total difference between income tax and personal deductions
  (b) Total taxable income of personal residence tax
• When the total taxable income of personal residence tax is more than 2 million yen
  5% (municipal tax 4%, prefectural tax 1%) of the amount obtained by subtracting the amount of (a) from the following amount (a) amount (50,000 yen if less than 50,000 yen)
  (a) Total difference between income tax and personal deductions
  (b) Amount obtained by subtracting 2 million yen from the total taxable income of personal residence tax

Among those who have been subject to special deductions such as housing borrowings for income tax and whose deductible amount can not be deducted in income tax, the amount calculated by the following formula is calculated from the contents of the salary payment report and income tax return final income tax return. We deduct from calculated income percent.

(a) Donations to prefectures and municipalities (exceptional deductions), (b) certain donations to community chest associations in Address or branches of the Japanese Red Cross Society, (c) Donations to prefectures and municipalities (exceptional deductions), (d) Donations to groups designated by Yokohama City by ordinance, (E) When donating donations to organizations (outside sites) designated by Kanagawa Prefecture by ordinance, the total amount calculated by the following method.

• For more information, please see here."Donation tax system of personal residence tax including hometown tax payment" in Ministry of Internal Affairs and Communications homepage (outside site)Please take a look at it.
• When we donate (hometown tax payment) to Yokohama-shi, we pay "hometown tax payment" to Yokohama-shiPlease take a look at it.

Municipal tax…(“The sum of (a), (a), (c), (c), and (d) ”or“ 30% of gross income, etc. ”-2,000 yen) x 8%
Prefectural tax…(“The sum of (a), (a), (c), (c), and (o) ”or“ 30% of gross income, etc. ”-2,000 yen) x 2%

Municipal tax…The smaller of "(a) (A)-2,000 yen) x Deduction ratio x 4/5" or "Municipal tax income percent (after deduction of adjustment deduction) x 20% (*)"
Prefectural tax…The smaller of "(a) (A)-2,000 yen) x deduction ratio x 1/5" or "Prefectural tax income percent (after deduction of adjustment deduction) x 20% (*)"
（※） Until FY2015, 10% is 10%.

Of those donated to local governments after April 1, 2015, if there is an application of the hometown tax payment one-stop exception system (report exception system) is applied, the tax exemption deduction will be added. The tax return exceptional deduction is the amount obtained by multiplying the exceptional deduction by the ratio listed in the following table.
※Information on 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 such as Address by March 15 of the year following the donation.
In addition, person whose income tax becomes 0 yen by having received mortgage deduction, and person who receives deduction only from personal municipal tax, prefectural tax needs report to ward office to live. (Click here for the form of the declaration form.)
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 "Completion of Final Tax Return Form" (National Tax Agency) (external site).
In this corner, you can enter the amount of money 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.
For more information, please refer to the "Special Tax Return Special" (National Tax Agency) (outside site). In addition, person receiving application of donation deduction of oldness and tax payment in salary earner of year-end adjusted salary earner, please see "to oldness and tax payment (National Tax Agency) (outside site).
※Information on 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) calculated by the following formula.

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

In the case of income tax and municipal tax / prefectural tax are imposed in a foreign country, the amount that could not be deducted by income tax will be deducted from the prefectural tax income percent up to 6% of the foreign tax credit limit of income tax. We do, but we deduct sum that we could not deduct even prefectural tax income percent from municipal tax income percent up to 24% of foreign tax credit limit of income tax.

If specific dividends are stated in the tax return, the amount of income percent (after adjustment deduction, dividend deduction, special tax deduction such as housing borrowings, donation tax credit, foreign tax deduction, income percent adjustment measures) ) Will deduct the dividend percent, and refund or apply for those that cannot be deducted will be refunded or allocated.

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

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