United States-Taiwan Expedited Double-Tax Relief Act

1/31/2024, 4:41 AM

United States-Taiwan Expedited Double-Tax Relief Act

This bill establishes special rules for the taxation of residents of Taiwan with income from sources within the United States. This includes the reduction of the rate of withholding of taxes, the application of permanent establishment rules, treatment of income from employment, and the determination of the residency of citizens of Taiwan.

Congress
118
Number
HR - 5988
Introduced on
2023-10-19
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

12/12/2023
Text
PDF
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Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

United States-Taiwan Expedited Double-Tax Relief Act

This bill establishes special rules for the taxation of residents of Taiwan with income from sources within the United States. This includes the reduction of the rate of withholding of taxes, the application of permanent establishment rules, treatment of income from employment, and the determination of the residency of citizens of Taiwan.

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.
Policy Areas
Taxation
Potential Impact
Administrative law and regulatory procedures•
Asia•
Congressional oversight•
Department of the Treasury•
Immigration status and procedures•
Income tax rates•
Taiwan•
Taxation of foreign income

Comments

Recent Activity

Latest Summary11/13/2023

United States-Taiwan Expedited Double-Tax Relief Act

This bill establishes special rules for the taxation of residents of Taiwan with income from sources within the United States. This includes the reduction of the rate ...

Latest Action12/12/2023
Placed on the Union Calendar, Calendar No. 249.