The United States House of Representatives passed the “US-Taiwan Double Taxation Relief Act” with a vote of 423 in favor and 1 against on the 15th, Eastern Time. The Ministry of Foreign Affairs of the Republic of China expressed sincere gratitude for this decision.
The Ministry of Foreign Affairs of the Republic of China stated that the high passage rate of the “US-Taiwan Double Taxation Relief Act” by the United States House of Representatives on the 15th demonstrates bipartisan support for addressing the issue of double taxation between Taiwan and the United States. The bill will be forwarded to the Senate for review.
House Speaker Mike Johnson (R-LA) mentioned in a statement that the Republican Party in the House understands the importance of the Taiwan-US economic relationship. This legislation will help strengthen bilateral economic ties, enhance US competitiveness, and create job opportunities. During the deliberation process, 15 bipartisan members of the House expressed strong support for Taiwan and the bill.
The Ministry of Foreign Affairs of the Republic of China expressed sincere gratitude for this support. It will cooperate with relevant government departments to continue promoting this issue with the US Congress and the Trump administration, hoping for a prompt resolution to the issue of double taxation between Taiwan and the US. The aim is to eliminate tax barriers for bilateral investment and trade activities, strengthening the resilience of key industries’ supply chains and further enhancing the mutually beneficial economic and trade partnership between Taiwan and the US.
The Ministry of Finance of the Republic of China expressed gratitude for the support from the US Congress and looks forward to the smooth passage of this bill in the Senate. The coordination between the two countries’ executive branches on the Taiwan-US Double Taxation Avoidance Agreement will continue without pause. They will proceed cautiously and optimistically to eliminate risks of double taxation and enhance economic and trade investment momentum.
Minister of Finance of the Republic of China, Su Tsui-yun, recently stated that the Ministry of Finance will continue to cautiously and optimistically advance the Taiwan-US Double Taxation Avoidance Agreement. Working in cooperation with the Ministry of Foreign Affairs and other departments, they hope for successful negotiations in the near future.