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Does the transfer of shares between shareholders of a limited liability company need to be taxed?
Personal income tax and stamp duty shall be paid for equity transfer:

1. When an individual transfers equity, the taxable income is the balance of the equity transfer income after deducting the original value and reasonable expenses, and the individual income tax is paid according to the "property transfer income".

2. Units and individuals who sign books and receive taxable vouchers within the territory of People's Republic of China (PRC) are taxpayers of stamp duty and shall pay stamp duty in accordance with the provisions.

The transfer of property rights is a taxable certificate, including the transfer of property ownership and copyright, trademark exclusive right, patent right and proprietary technology use right. The mortgagee shall apply for decals in accordance with the specified amount of 5/10000.

Tips: The above contents are for reference only. Please consult the competent tax authorities for specific matters. The laws, regulations and relevant provisions shall prevail.

Response time: 2021-10-12. Please refer to the latest business changes announced by Ping An Bank in official website.

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