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HR 33119th CongressIntroduced
To 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.
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Establishes special tax rules for Taiwan residents with US income to prevent double taxation, creates a framework for US-Taiwan tax agreements, and provides reduced withholding rates for qualified Taiwan residents.
Key Points
- 1Provides reduced US tax rates (10-15%) for Taiwan residents on dividends, interest, royalties, and other income
- 2Establishes special rules for qualified Taiwan residents with US permanent establishments
- 3Requires reciprocity determination before provisions take effect
- 4Authorizes the President to negotiate tax agreements with Taiwan
- 5Mandates congressional consultation and approval for tax agreements
- 6Includes detailed definitions and anti-abuse provisions
Impact Areas
Taiwan residents with US incomeUS-Taiwan economic relationsInternational tax policyTreasury DepartmentCongressional oversight
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