IIT Collection Circular - 关于个人转让上市公司限售股所得征收个人所得税有关问题的通知
Released and effective on December 31, 2009
On December 31, 2009, the Ministry of Finance (MoF), the State Administration of Taxation (SAT) and the China Security Regulatory Commission (CSRC) jointly issued a circular stating that effective from January 1, 2010, individual income tax shall be collected at the 20% tax rate if the individual transfers the restricted shares of the listed company.