The transfer income of the company belongs to the taxable income of personal income tax, and the personal income tax shall be calculated and paid in accordance with the applicable provisions of the "income from property transfer" project, and the applicable tax rate is 20%. According to "People's Republic of China (PRC) Individual Income Tax Law" and its implementing regulations, State Taxation Administration of The People's Republic of China recently issued the "Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on the Collection of Individual Income Tax for Termination of Investment and Recovery of Funds". Announce the collection of personal income tax on the money recovered by individuals who terminate investment, joint ventures and business cooperation. The announcement pointed out that individuals terminate investment, joint ventures, business cooperation and other behaviors for various reasons, and obtain equity transfer income from invested enterprises or cooperative projects, other investors of invested enterprises, and business partners of cooperative projects; Liquidated damages, compensation, compensation and money recovered in other names are all taxable income of personal income tax, and personal income tax is calculated and paid according to the applicable provisions of "income from property transfer", and the applicable tax rate is 20%. The calculation formula of taxable income is: taxable income = the total amount of equity transfer income, liquidated damages, compensation and money recovered in other names obtained by individuals-the original actual investment (investment amount) and related taxes and fees.