Need. After handling the industrial and commercial registration of equity change, taxpayers should go to the tax authorities to handle the tax registration of equity change in time. According to Articles 2 and 3 of the Individual Income Tax Law of People's Republic of China (PRC), individual income tax shall be paid on the income from equity transfer, and the proportional tax rate is 20%. According to the provisions of Articles 4 and 5 of the Measures for the Administration of Individual Income Tax on Equity Transfer (Trial), when transferring equity, the balance of equity transfer income after deducting the original value of equity and reasonable expenses is taxable income, and personal income tax is paid as "property transfer income". The transferor of equity is the taxpayer and the transferee is the withholding agent.