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For BEA to efficiently process your report and disseminate the final results of the survey, it is important that you make every effort to file on time. Nevertheless, reasonable requests for extension of the filing deadline will normally be granted if requested BEFORE the due date of May 31, 2023 or by June 30, 2023 for respondents submitting via BEA’s eFile system at www.bea.gov/efile.
This category covers management services, consulting services, public relations service, and amounts received by a parent company from its affiliates for general overhead and stewardship. It excludes consulting engineering services related to actual or proposed construction projects (report under transaction number 16); computer consulting (report under transaction number 12); and public relations services that are an integral part of an advertising campaign (report under transaction code 10).
You have a few options. You could report this data on Schedule B under service code 4, financial management services, and list the country detail. Because the total purchases of this particular type of service totaled less than $15 million, you have a second option of reporting this data on Schedule B under service code 4, financial management services, without the country detail and reporting the total purchases of financial management services on line 29. Finally, you have the option of not reporting these transactions.
This survey is authorized by the International Investment and Trade in Services Survey Act and the Omnibus Trade and Competitiveness Act of 1988. U.S. financial services providers that receive this survey, or that have transactions covered by the survey with affiliated or unaffiliated foreign persons are required to complete and return the survey to the Bureau of Economic Analysis.
Either you filed in the past, or we believe that you may have had transactions covered by this survey.
A written request for an extension will be considered if it is received at least 15 days before the due date. BEA will provide a written response to such a request. Requests for extensions may also be sent via email to BE-185extension@bea.gov.
Yes, you may file electronically at http://www.bea.gov/efile. This system allows you to download the BE-125 as a fillable PDF to your PC and then securely submit your completed form electronically to BEA.
Yes. Forms BE-577 and BE-605 continue to be mandatory. However, data on your services transactions are no longer covered by these forms, effective with data for the first calendar quarter of 2007.
Data reported on the BE-125 should be consolidated and reported at the top U.S. reporter's level. A consolidated BE-125 will cover all of your U.S. domestic operations' transactions with unaffiliated foreign persons (same as BE-25/BE-22) and it will also cover your U.S. domestic operations' transactions with your foreign affiliates, foreign parents, and members of your affiliated foreign group for services and intangibles. The BE-125 WILL NOT cover transactions by your foreign affiliates with other foreign persons.
Yes. Your transaction is with a foreign affiliate of a foreign parent and is considered a transaction with a foreign person and therefore should be reported on the BE-125 under the column marked Foreign Parent(s) & Foreign Affiliates of Foreign Parent(s).