A permanent magnet drive on-load tap-changing switch including a changing switch circuit that includes an odd- and an even-numbered tap-changing circuit that are structurally identical. The tap-changing circuits include working contactors and dual-contact synchronous transition contactors made of primary contactors and secondary contactors. The working contactors and the dual-contact synchronous transition contactors directly face moving contactors. The moving contactors are connected in parallel to each other. Moving contactor permanent magnets are bijectively connected onto the moving contactors. The moving contactor permanent magnets directly face on the other extremity thereof a moving contactor driving mechanism. The moving contactor driving mechanism moves the permanent magnets. The switch is structurally simple and convenient to use, obviates the need for a highspeed mechanism, implements changing by direct actions of the contactors, operates at high speed and reliably, has a low failure rate, an extended service life, and value for widespread use.