The five year timeline for the benchmark survey of the Bureau of Economics Analysis (BEA) – https://www.bea.gov/- on foreign direct investment in the United States just passed.
The BE-12 is a comprehensive survey on financial and operating data of U.S. affiliates of foreign multinational enterprises. The survey is used to produce statistics on the scale and effects of foreign-owned business activities in the United States.
Who needed file the benchmark survey. Each U.S. affiliate, i.e., for each U.S. business enterprise (including real estate held for non-personal use) in which a foreign person or entity owned or controlled, directly or indirectly, 10 percent or more of the voting securities if an incorporated U.S. business enterprise, or an equivalent interest if an unincorporated U.S. business enterprise, at the end of the business enterprise’s fiscal year that ended in calendar year 2017. Certain private funds may be exempt from filing.
All entities subject to the reporting requirements should have filed, even if they are not contacted by BEA.
The survey covers fiscal years ending in 2017. A completed BE-12 report for 2017 was due May 31, 2018 (unless respondents utilize the BEA eFile system, in which case the due date is June 30, 2018).
More information on BE-12 Benchmark Survey is available at https://www.bea.gov…