H.R. 5988 · 118th Congress
United States-Taiwan Expedited Double-Tax Relief Act
- Stage
- Reported from committee
- Sponsor
- Jason Smith
- Introduced
- 2023-10-19
- Latest action
- 2023-12-12 · Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-309.
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.