Taiwan’s Ministry of Finance ( MoF) issued a statement on 12 March 2025, welcoming the passage of the US-Taiwan Expedited Double-Tax Relief Act by the US House of Representatives on 15 January 2025 (local time).

The 119th US Congress, which convened on 3 January 2025, swiftly passed the bill at the start of its session, underscoring its commitment to addressing double taxation concerns for individuals and businesses between Taiwan and the US and demonstrating support through concrete action.

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 ‘US-Taiwan Expedited Double Taxation Relief Act’ which amends the US 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 ‘US-Taiwan Tax Treaty Authorization Act,’ which, upon the passage of the first part of the aforementioned bill, authorizes the US 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 US Senate and then signed by the US President to become effective in the US

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 US to collaborate with the US 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.