If you’re a business owner with a foreign parent company, you may be required to file the BE-12 benchmark survey. This survey is conducted by the Bureau of Economic Analysis (BEA) every five years and collects information on the financial and operating data of U.S. affiliates of foreign multinational enterprises.
What is the BE-12 benchmark survey?
The BE-12 benchmark survey is a survey conducted by the Bureau of Economic Analysis (BEA) every five years. It collects information on the financial and operating data of U.S. affiliates of foreign multinational enterprises. The survey covers fiscal years ending in 2022.
Who has to file the BE-12 benchmark survey?
The BE-12 benchmark survey is required for all U.S. affiliates in which a foreign person or entity owns or controls, 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.
What information do they ask for on the BE-12 benchmark survey?
The BE-12 benchmark survey collects a wide range of information, including:
- Financial data, such as assets, liabilities, sales, and expenses
- Operating data, such as employment, wages, and productivity
- Information on the ownership structure of the U.S. affiliate
- Information on the products and services produced by the U.S. affiliate
Why is the BE-12 benchmark survey important?
The BE-12 benchmark survey is important because it provides the BEA with valuable data on the size and economic significance of foreign direct investment in the United States. The data collected on the survey is used to track changes in foreign direct investment over time and to assess its impact on the U.S. economy.
How do I file the BE-12 benchmark survey?
The BE-12 benchmark survey can be filed online or by mail. The BEA website has a helpful guide on how to file the survey.
Need help filing the BE-12 benchmark survey?
We can help you file the BE-12 benchmark survey quickly and easily. We have a team of experienced professionals who can help you collect the necessary information, complete the survey, and file it on time.
Contact us today to get started!
The deadline to file the BE-12 benchmark survey is June 30, 2023. Don’t wait, contact us today to get started!
The deadline to file the BE-12 benchmark survey is June 30, 2023. If you need help filing the survey, we can help! We have a team of experienced professionals who can help you collect the necessary information, complete the survey, and file it on time.
Contact us today to get started!
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