On 15 January 2025, the U.S. House of Representatives voted to approve Bill H.R. 33, the United States-Taiwan Expedited Double-Tax Relief Act. The legislation addresses double taxation relief in relation to Taiwan in two ways. First, it authorizes the negotiation of a tax agreement (treaty) between the United States and Taiwan. Second, it includes amendments to the Internal Revenue Code to grant treaty-like benefits to residents of Taiwan, provided that reciprocal benefits are extended to U.S. persons whose income is subject to taxation in Taiwan. The Bill must now be approved by the Senate.