January 16, 2025
The US House of Representatives on January 15 approved the United States-Taiwan Expedited Double-Tax Relief Act by an overwhelming majority, underscoring the high regard and strong support on both sides of the aisle for addressing double taxation issues between the two countries. The bill will now be submitted to the Senate for deliberation.
House Speaker Mike Johnson (R-LA) issued a statement affirming that House Republicans understood the significance of the United States’ economic relationship with Taiwan and asserting that the legislation would help strengthen bilateral economic ties, boost US competitiveness, and create jobs. Fifteen representatives from both parties expressed staunch support for Taiwan and the bill during the deliberation process.
The Ministry of Foreign Affairs (MOFA) sincerely appreciates the passage of the legislation. MOFA will coordinate with related ministries and agencies and continue to work with the US Congress and the incoming Trump administration toward a speedy resolution of double taxation issues and the elimination of tax barriers to bilateral investment, economic, and trade activities. It will also seek to strengthen the resilience of critical supply chains and further enhance the reciprocal and mutually beneficial economic and trade partnership between Taiwan and the United States.