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US-Taiwan Tax Relief: Lower Withholding Rates for Investments and Work.

This bill aims to eliminate double taxation for Taiwan residents earning income in the US. It introduces reduced US withholding tax rates (down from 30% to 10% or 15%) on dividends, interest, and royalties, lowering the cost of investing in the US. Additionally, certain Taiwanese workers, athletes, and entertainers earning below $30,000 may be exempt from US income tax, making it easier for these individuals to work temporarily in the United States.
Key points
Reduced US withholding tax on dividends, interest, and royalties for qualified residents of Taiwan (typically 10% or 15%).
Exemption from US tax for certain wages and salaries paid to Taiwanese workers, provided the employer is not a US person.
Taiwanese entertainers and athletes are exempt from US tax if their annual gross receipts from these activities do not exceed $30,000.
These benefits are contingent upon Taiwan providing reciprocal tax relief to US citizens and businesses.
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Expired
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Additional Information
Print number: 118_S_3084
Sponsor: Sen. Wyden, Ron [D-OR]
Process start date: 2023-10-19
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

United States-Taiwan Expedited Double-Tax Relief Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3084.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-10-19.

What are the main provisions?

Key points include:

  • Reduced US withholding tax on dividends, interest, and royalties for qualified residents of Taiwan (typically 10% or 15%).
  • Exemption from US tax for certain wages and salaries paid to Taiwanese workers, provided the employer is not a US person.
  • Taiwanese entertainers and athletes are exempt from US tax if their annual gross receipts from these activities do not exceed $30,000.
  • These benefits are contingent upon Taiwan providing reciprocal tax relief to US citizens and businesses.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Wyden, Ron [D-OR].

What is the latest detailed status?

The latest detailed status is: Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Economy