The pair of tourists were seized while they were outside a hotel in the eastern part of the city, said one security official who requested anonymity.
The kidnappers came from the area of Janadiyah, some 35 kilometres east of Taiz, said another official.
They belonged to a local chief who has had a long-running dispute with the authorities over a plot of land, he said, adding the tourists could be used for bargaining.
Although kidnappings of foreigners in Yemen are frequent, Taiz -- one of the country's biggest cities -- has not been the scene of hostage-taking.
Hundreds of people have been abducted in Yemen in the past 15 years, nearly all of whom have been freed unharmed.
Most kidnappings of foreigners are carried out by members of Yemen's powerful tribes who use them as bargaining chips in disputes with the central government.
Earlier this month, tribesmen in south Yemen freed three employees of the International Committee of the Red Cross, including a Swiss citizen and a Kenyan along with two Egyptian hostages.
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