The original share transfer means that if it is transferred between shareholders, it does not need the consent of other shareholders. If it is transferred to someone other than shareholders, it should be approved by more than half of other shareholders, and the equity transfer behavior will have legal effect.
: primitive stock
Primitive shares are the shares issued by the company before listing. In the early days of China stock market, the shares of enterprises were publicly issued to the public at the issue price in the primary stock market.
(1) Notice on Individual Income Tax Policies for Individual Transfer of Shares of Listed Companies in the National Small and Medium-sized Enterprises Share Transfer System (Caishui [20 18] 137)
From 20 18 1 1 day (inclusive), personal income tax will be temporarily exempted on the income obtained by individuals from transferring non-original shares of companies listed on the New Third Board (non-original shares refer to the shares obtained by individuals after listing on the New Third Board, as well as the transfer and conversion of shares arising from the above shares); Personal income tax shall be levied at the rate of 20% on the income obtained by individuals from transferring the original shares of the companies listed on the New Third Board (original shares refer to the shares obtained by individuals before the listing of the companies listed on the New Third Board, as well as the shares delivered and converted by the above-mentioned stocks before and after the listing of the companies).
Before September 20 19 1 9, the individual income tax on the original shares of companies listed on the New Third Board shall be collected and managed in accordance with the relevant provisions of the current equity transfer income, with the transferee of the shares as the withholding agent, and the tax authorities at the place where the invested enterprise is located shall be responsible for the collection and management. From September 20 19/day (inclusive), the individual income tax on the original shares of companies listed on the New Third Board shall be collected and managed by the competent tax authorities in the place where the securities institutions with stock custody are located. The specific collection and management measures can be implemented with reference to the relevant provisions of the Notice of State Taxation Administration of The People's Republic of China Securities Regulatory Commission of the Ministry of Finance on Relevant Issues Concerning the Collection of Individual Income Tax from the Transfer of Restricted Shares of Listed Companies (Caishui [2009] 167) and the Supplementary Notice of State Taxation Administration of The People's Republic of China Securities Regulatory Commission of the Ministry of Finance on Relevant Issues Concerning the Collection of Individual Income Tax from the Transfer of Restricted Shares of Listed Companies (Caishui [20/KLOC-0] 70).
Before 20 18 1 1 month 1 day, individuals who transfer non-original shares of companies listed on the New Third Board, which have not been subject to tax treatment, can be subject to tax exemption provisions, and those who have been subject to relevant tax treatment will not be subject to tax adjustment.