With a decisive vote of 357 in favor and 70 against, the U.S. House of Representatives successfully passed the "US-Taiwan Expedited Double Taxation Relief Act" on January 31st.
Taiwan’s current treaty network consists of 34 double tax agreements (DTAs), including those with the UK, Canada, the Netherlands, France, Japan, Singapore, Malaysia, Indonesia, India, Thailand, Vietnam, and others.
Mazars Taiwan has recently successfully completed a few reduced withholding rate treatments for our Multinational Clients that received various payments from Taiwanese companies and we would like to take this opportunity to share some of the insights as to how we obtained the approval from the Taiwanese tax authorities.