A reader wrote to ask why there are so many "countries" listed on the ISO 3166-1 list of 246 "countries" while here on my site I report that there are 195 countries in the world. Well, the ISO 3166-1 list (which also provides the two-letter abbreviation for Internet domains) includes 51 non-countries such as territories and non-independent entities. For example, the ISO 3166-1 list includes such notable non-countries as American Samoa, Falkland Islands, Greenland, Hong Kong, Palestinian Territory, Puerto Rico, Western Sahara, and even has a code for the "United States Minor Outlying Islands!" Notably, however, lacking from the ISO list are England, Scotland, Wales, and Northern Ireland, which are also not independent countries.
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“Taiwan Province of China” only makes sense if it is 1945-1949. I doubt that these internet codes were created then. If it is after 1949, “Taiwan Republic of China” is proper, and anything else is convenient political fiction.