Legal analysis: the transfer of equity with zero consideration needs to be taxed. When an individual transfers equity, the taxable income shall be the balance of the equity transfer income after deducting the original value of the equity and reasonable expenses, and personal income tax shall be paid according to the income from property transfer. As long as the equity transfer occurs, it is necessary to pay the corresponding fees. The withholding agent shall, within 5 working days after the signing of the relevant equity transfer agreement, report the relevant information about the equity transfer to the competent tax authorities. The invested enterprise shall record in detail the relevant costs of the shareholders' holding of the enterprise's equity, truthfully provide the tax authorities with relevant information on equity transfer, and assist the tax authorities in performing their official duties according to law.

Legal basis: Measures for the Administration of Individual Income Tax on Equity Transfer Article 5 Individual income tax on individual equity transfer shall be withheld by the transferor and transferee.