Bureau of Economic Analysis Form BE-10 Benchmark Survey of U.S. Direct Investment Abroad

Yesterday, the Bureau of Economic Analysis announced that it was extending the due date for new filers of the Form BE-10 Benchmark Survey of U.S. Direct Investment Abroad, a filing that may apply to U.S. persons that own, directly and/or indirectly, 10 percent or more of the voting securities of an incorporated foreign business enterprise, or an equivalent interest in an unincorporated foreign business enterprise. BE-10 reporting obligations are imposed under the International Investment and Trade in Services Survey Act and are separate from, and in addition to, any international tax reporting or other obligations. The extended due date is June 30, 2015. To learn more about the BE-10 filing, as well as the associated penalties for failure to comply, click here to go to my LinkedIn page.