As to whether the income tax is levied on the equity transfer of a partnership and how to calculate it, the details are as follows: According to Article 3 1 of the Regulations of the People's Republic of China on the Administration of Company Registration: "If a company changes its shareholders, it shall apply for registration of change within 30 days from the date of change of shareholders, and submit the legal person qualification certificate or the identity certificate of the new shareholder". In other words, if the company's equity changes, it should first register the change with the industrial and commercial department, and then take the initiative to declare and pay taxes to the local tax department on the transfer of personal equity. According to Article 8, Paragraph 9 of the Implementation Regulations of the Individual Income Tax Law of the People's Republic of China, "the income from property transfer refers to the income obtained by individuals from transferring securities, shares, buildings, land use rights, machinery and equipment, vehicles, ships and other property". Therefore, the income from personal equity transfer belongs to the income from property transfer and should be subject to personal income tax. The tax rate of income from property transfer is 20%, and its taxable income is calculated according to the fifth paragraph of Article 6 of the Individual Income Tax Law of People's Republic of China (PRC), which states that "the income from property transfer is the taxable income after deducting the original value of the property and reasonable expenses". Therefore, the personal income tax payable on the income from equity transfer = (the income from equity transfer-the amount paid for the acquisition of equity-the transfer period) (the taxpayer must provide relevant legal and valid vouchers for the determination of the original value and expenses. In addition, the equity transfer agreement is a document of property right transfer, and both parties should also pay stamp duty at 0.5 ‰ of the agreed price (included amount).