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Taiwan Tax Agreement Act of 2023

S. 1457 Sen. Robert Menendez (D-NJ) In committee
Bill text PDF
  1. Introduced May 4
  2. Committee May 4
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 4, 2023Next: Senate vote
1191d ago Jul 25, 2023: Placed on Senate Legislative Calendar under General Orders. Calendar No. 151.
Final votes
No roll callsNo recorded vote on this bill yet
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Summary

Taiwan Tax Agreement Act of 2023

Full summary5 paragraphs

This bill authorizes the United States to enter into a tax agreement with Taiwan.

Specifically, the President may, through the American Institute in Taiwan (AIT), negotiate and enter into a tax agreement with the Taipei Economic and Cultural Representative Office (TECRO). (The U.S.-Taiwan relationship is unofficial; TECRO is Taiwan's principal representative office in the United States, while the AIT, a private corporation, performs many of the same functions as U.S. embassies elsewhere.)

The agreement must address issues including (1) the taxation of tax residents of Taiwan, the United States, or both; (2) relief from double taxation; and (3) protection against tax evasion or avoidance. The agreement must conform with the 2016 U.S. Model Income Tax Convention and other customary U.S. bilateral income tax convention terms.

The bill requires the President to notify Congress 15 days before negotiations begin and provide periodic briefings. The Department of the Treasury must brief Congress upon request and provide timely updates during the course of negotiations.

The negotiated agreement may only take legal effect upon submission of the agreement to Congress and the approval of a concurrent resolution in a form prescribed by the bill. The agreement, once in force, must be afforded the same treatment as a treaty under U.S. law.

Library of Congress summary, Jul 25, 2023

Summary versions
  • Reported to SenateJul 25, 2023
  • Introduced in SenateMay 4, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.