随着证监会对于上市公司分红问题的日益重视,上市公司回报股东意识逐步提升,居民企业在证券市场上采取长期投资策略,以获得股息红利的行为也逐渐普遍。根据我国相关法规政策,在企业所得税政策执行上,对于符合条件的居民企业之间的股息、红利等权益性投资收益作为免税收入,但不包括连续持有居民企业公开发行并上市流通的股票不足12个月取得的投资收益。然而在如何判定为连续持有12个月的问题上在税务与企业之间一直存在一定的理解分歧。本文主要针对这一问题进行政策与案例方面的探析。 With the SFC paying more attention to the issue of dividends for listed companies, the return of shareholders of listed companies gradually increases their awareness. The long-term investment strategy of resident companies in the securities market to obtain dividends is also becoming widespread. According to the relevant laws and regulations of our country, on the implementation of the enterprise income tax policy, dividends and bonuses and other equity investment income between qualified resident enterprises as tax-exempt income, excluding tax-exempt income from the continuous holding of public and listed shares of resident enterprises 12 months to obtain investment income. However, there have been some differences of understanding between taxation and enterprises on how to decide that they should hold for 12 consecutive months. This article focuses on the issue of policy and case studies.