How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lev Your Own Question
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29558
Experience:  Taxes, Immigration, Labor Relations
870116
Type Your Tax Question Here...
Lev is online now
A new question is answered every 9 seconds

tax treaty with taiwan

Resolved Question:

Is there a required withholding on corporate dividends paid to taiwanese owners of a U.S. company?
Submitted: 8 years ago.
Category: Tax
Expert:  Lev replied 8 years ago.

Currently - there is no tax treaty between Taiwan and US...

http://www.irs.gov/businesses/international/article/0,,id=96739,00.html

Any payment by US companies to Taiwanese residents are subject for mandatory 30%withholding.

You would need to file US tax return as non-resident, calculate your actual tax liability, and might be able to get a refund.

Please let me know if any clarification is needed.

 

Customer: replied 8 years ago.
would Taiwan fall under the treaty with China since the two are really one?
Expert:  Lev replied 8 years ago.

Unfortunately - no - US consideres China and Taiwan as separate countries.

 

(a) the term "the People's Republic of China", when used in a geographical sense, means all the

territory of the People's Republic of China, including its territorial sea, in which the laws relating to

Chinese tax are in force, and all the area beyond its territorial sea, including the sea-bed and subsoil thereof, over which the People's Republic of China has jurisdiction in accordance with international law and in which the laws relating to Chinese tax are in force;

source - http://www.irs.gov/pub/irs-trty/china.pdf

Lev and 3 other Tax Specialists are ready to help you