The US House of Representatives approved Bill H.R. 33 – also known as the United States-Taiwan Expedited Double-Tax Relief Act – on 15 January 2025.
This legislation aims to relieve double taxation in Taiwan by authorising a tax treaty between the two nations and amends the Internal Revenue Code to provide treaty-like benefits to Taiwan residents if similar benefits are given to US persons taxed in Taiwan.
The Bill now awaits Senate approval.
This follows after the US Representative Ami Bera, M.D. (D-CA-06), Ranking Member of the House Foreign Affairs Subcommittee on the Indo-Pacific and Co-Chair of the Congressional Taiwan Caucus, and Rep. Andy Barr (R-KY-06), Co-Chair of the Congressional Taiwan Caucus and 101 other Members of Congress issued a bipartisan letter on 6 December 2024, urging House and Senate leadership to pass the US-Taiwan double taxation relief measures before the end of the year.
