The U.S. House of Representatives passed the U.S.-Taiwan Expedited Double-Tax Relief Act, which will be sent to the U.S. Senate for review
The Ministry of Finance welcomes the passage of the U.S.-Taiwan Expedited Double-Tax Relief Act by the U.S. House of Representatives on January 15, 2025, local time in the U.S. The 119th lower chamber of the U.S. Congress, which began on January 3, 2025, swiftly passed the bill at the start of the session, demonstrating its commitment to addressing concerns about double taxation on the individuals and businesses between Taiwan and the U.S., and showing support through concrete actions.
The Ministry of Finance explains that the bill reintroduced and passed by the current U.S. House of Representatives is consistent with the version passed by the previous (118th) Session on January 31, 2024. The bill consists of two parts: The first part is the ‘U.S.-Taiwan Expedited Double Taxation Relief Act’ which amends the U.S. Internal Revenue Code to provide similar tax relief benefits for individuals and businesses in our country, aiming to swiftly resolve issues of double taxation on cross-border income. The second part is the ‘U.S.-Taiwan Tax Treaty Authorization Act,’ which, upon the passage of the first part of the aforementioned bill, authorizes the U.S. President to sign a comprehensive tax treaty with Taiwan to fully resolve the issue of double taxation on cross-border income.
The Ministry of Finance emphasizes that the aforementioned bill has to be approved by the U.S. Senate and then signed by the U.S. President to become effective in the U.S.
The Ministry of Finance further states that it will continue to work closely with the Ministry of Foreign Affairs and the Taipei Economic and Cultural Representative Office in the U.S. to collaborate with the U.S. Department of the Treasury in concluding relevant tax relief agreements authorized by such bills. These agreements, like our 35 existing tax treaties with other treaty partners, will need to complete our relevant legal procedures regulated in the ‘Conclusion of Treaties Act’ to become effective and applicable in Taiwan.
Contact person: Ms. Tian-Cin Lin, Section Chief.
Contact Number: (02)2322-8150The Ministry of Finance welcomes the passage of the U.S.-Taiwan Expedited Double-Tax Relief Act by the U.S. House of Representatives on January 15, 2025, local time in the U.S. The 119th lower chamber of the U.S. Congress, which began on January 3, 2025, swiftly passed the bill at the start of the session, demonstrating its commitment to addressing concerns about double taxation on the individuals and businesses between Taiwan and the U.S., and showing support through concrete actions.
The Ministry of Finance explains that the bill reintroduced and passed by the current U.S. House of Representatives is consistent with the version passed by the previous (118th) Session on January 31, 2024. The bill consists of two parts: The first part is the ‘U.S.-Taiwan Expedited Double Taxation Relief Act’ which amends the U.S. Internal Revenue Code to provide similar tax relief benefits for individuals and businesses in our country, aiming to swiftly resolve issues of double taxation on cross-border income. The second part is the ‘U.S.-Taiwan Tax Treaty Authorization Act,’ which, upon the passage of the first part of the aforementioned bill, authorizes the U.S. President to sign a comprehensive tax treaty with Taiwan to fully resolve the issue of double taxation on cross-border income.
The Ministry of Finance emphasizes that the aforementioned bill has to be approved by the U.S. Senate and then signed by the U.S. President to become effective in the U.S.
The Ministry of Finance further states that it will continue to work closely with the Ministry of Foreign Affairs and the Taipei Economic and Cultural Representative Office in the U.S. to collaborate with the U.S. Department of the Treasury in concluding relevant tax relief agreements authorized by such bills. These agreements, like our 35 existing tax treaties with other treaty partners, will need to complete our relevant legal procedures regulated in the ‘Conclusion of Treaties Act’ to become effective and applicable in Taiwan.
Contact person: Ms. Tian-Cin Lin, Section Chief.
Contact Number: (02)2322-8150
Reference URL：https://www.mof.gov.tw/Eng/singlehtml/f48d641f159a4866b1d31c0916fbcc71?cntId=7a7ba994862b4a92af5f515827f4d420