As of the quarter ending 3/31/2026, a Form BE-577 must be filed for each 1) directly-owned foreign affiliate for which total assets; annual sales or gross operating revenues, excluding sales taxes; or annual net income after provision for foreign income taxes was greater than $500 million (positive or negative) at any time during the affiliate’s fiscal reporting year and each 2) indirectly-owned foreign affiliate that met the $500 million threshold and had an intercompany receivable or payable balance with the U.S. Reporter that exceeded $10 million. For the quarters ending on or before 12/31/2025, the filing threshold was $60 million. If a foreign affiliate has been contacted by BEA but does not meet the filing threshold, it can claim exemption by completing Part V of the BE-577 form.
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