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H.R. 5988: United States-Taiwan Expedited Double-Tax Relief Act

Jason Smith

Quick Facts

Bill Sponsor: Rep. Jason Smith (R-MO-8)

Congress: 118th

Date Introduced: October 19, 2023

Last Action: Placed on the Union Calendar, Calendar No. 249. (December 12, 2023)

Bill 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.