What You Need to Know on Form BE-10
U.S. companies with “foreign affiliates” during their 2014 fiscal year will need to participate in a “benchmark survey” by the Bureau of Economic Analysis (“BEA”) of the U.S. Department of Commerce. The survey is conducted every five years through a series of forms known as the BE-10. Filings under the current survey are due by May 29 or June 30, depending on the number of foreign affiliates to be reported, but the BEA is granting extension requests.
The BE-10 generally applies to any U.S. company that had a direct or indirect ownership or control of 10% or more of the voting stock (or its equivalent) of a non-U.S. business enterprise at any time during its 2014 fiscal year. Participation in the survey is required regardless of whether a U.S. company has securities registered with the SEC or whether it has been contacted by BEA staff to make a filing.
The BE-10 is one of many forms that may need to be filed by a U.S. company having cross-border relationships or engaging in cross-border transactions. These forms are only statistical surveys. Submitted information is accorded confidential treatment.