Tax Exemption for Donations to Gifu University
Donations made to Gifu University qualify as special donations designated by the Finance Minister (announcement No. 154, announced on April 30, 1965 by the then-Finance Ministry) under Article 78, Section 2.2 of the Income Tax Act, as well as Article 37, Section 3.2 of the Corporate Tax Act. Such designated donations are eligible for withholding income tax credits under the Income Tax Act. They are also recognized by the Finance Minister as designated donations that are eligible for inclusion in deductible expenses under the Corporate Tax Act.
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