Tag Archive for BEA

New BEA Filing Requirements – Once Every 5 Years for U.S. Persons With Foreign Affiliates

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Pursuant to the requirements of the International Investment and Trade in Services Survey Act and related statutes, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) collects information on international trade in services, foreign direct investment in the United States, and outbound U.S. investment overseas.

BEA uses this information to compile a number of different economic and statistical reports that are, in turn, used for budgetary purposes and to help set U.S. economic and monetary policy. Information submitted to BEA is confidential and is to be used for such economic and statistical reporting purposes only.

The BEA recently imposed new filing requirements on U.S. persons with foreign affiliates Read more