Withholding by the selling securities business department. Personal income tax shall be levied at the rate of 20% on the income obtained from the transfer of restricted shares by individuals according to the "income from property transfer". Personal income tax from the transfer of restricted shares shall be paid by the holders of restricted shares and withheld and remitted by the securities institutions where individual shareholders open accounts. Personal income tax on restricted shares shall be collected and managed by the competent tax authorities where the securities institution is located. After the personal income tax withheld and remitted by the securities company is turned over to the tax deposit account of the local tax department within the specified time, according to the relevant provisions of the state, the tax department must turn over 60% of it to the state treasury and 40% to the local finance.

The reward for the reduction of restricted shares of natural person shareholders of listed companies shall be cashed within 7 working days after all taxes are paid and put into storage (generally, tax declaration and liquidation shall be carried out before 15 of the following month). Taxable income = income from transfer of restricted shares-(original value of restricted shares+reasonable tax). If the taxpayer fails to provide complete and true proof of the original value of the restricted shares in time, the original value and tax of the restricted shares shall be verified according to 65438+ 05% of the transfer income of the restricted shares.

1. Under any of the following circumstances, the major shareholder of a listed company may not reduce its shares: it is less than six months after the listed company or major shareholder is investigated by the China Securities Regulatory Commission or the judicial organ for suspected securities and futures crimes, and has made an administrative punishment decision or criminal judgment. The major shareholder has been publicly condemned by the stock exchange for violating the self-discipline rules of the stock exchange for less than three months. Other circumstances stipulated by the China Securities Regulatory Commission.

2. In any of the following circumstances, Dong of a listed company shall not reduce his shares: Dong is suspected of committing crimes in securities and futures, is under investigation by the China Securities Regulatory Commission or judicial organs, or has not been six months since the decision of administrative punishment or criminal judgment was made. Dong was publicly condemned by the stock exchange for violating the self-discipline rules of the stock exchange under other circumstances stipulated by the China Securities Regulatory Commission less than three months ago. To sum up, the company's major shareholders often reduce their holdings, thus cashing in from the capital market. Personal income tax is levied at the rate of 20% on the income from shareholder's reduction. In addition, according to the current preferential tax measures, shareholders can also get incentives to reduce their holdings and deduct the tax payable. It should be noted here that the shareholding reduction ratio of shareholders shall not exceed 10% of the shares they hold.