Group 1 - The Yantai tax authority has implemented specific measures to support high-level opening-up and attract foreign investment during the "14th Five-Year Plan" period [1][2] - Since 2017, foreign investors have benefited from tax incentives, with over 6 billion yuan in profits reinvested by foreign enterprises enjoying tax benefits [1] - A "project manager system" has been established for six key foreign investment projects, providing dedicated teams for policy guidance and dispute resolution [2] Group 2 - The tax authority has optimized the process for issuing tax residency certificates, reducing the processing time from 10 to 7 working days [2] - A successful resolution of an overseas tax payment issue for one enterprise was achieved through the mutual agreement mechanism under tax treaties [3] - The establishment of Shandong's first cross-border tax service innovation practice base in Yantai aims to enhance service facilitation and promote a higher level of opening-up [3]

Core Viewpoint - The article emphasizes the importance of correctly submitting the annual related party transaction report and highlights common mistakes that companies make during the reporting process [2][3]. Group 1: Common Reporting Errors - Error 1: Incorrectly selecting the form. There are 22 forms available for related party transactions, and only three are mandatory [5]. - Error 2: Incorrectly checking items in the "Report Enterprise Information Form." Companies must ensure they only check relevant items based on their specific circumstances [8][9]. - Error 3: Inaccurate reporting of total transaction amounts in the "Annual Related Party Transaction Summary Table." Companies should ensure that the reported amounts reflect both related and non-related transactions accurately [17]. - Error 4: Incorrect reporting in the "Tangible Asset Ownership Transaction Table" regarding "processing with supplied materials." Companies must verify if they are engaged in such activities and ensure accurate reporting based on customs data [21]. - Error 5: Errors in the "Financial Asset Transaction Table" regarding the content of related transactions. Companies should ensure that all relevant financial asset transactions are reported correctly [24].