A complete response includes a BE-10A form for the U.S. parent's domestic operation and one or more BE-10B, BE-10C, or BE-10D forms for its foreign affiliates.
Form BE-10A
- Form BE-10A must be filed by each U.S. person that has a foreign affiliate reportable in fiscal year 2019. Data on Form BE-10A pertain to the fully consolidated U.S. domestic business enterprise for the U.S. Reporter’s 2019 fiscal year
Form BE-10B
- The U.S. Reporter must file Form BE-10B for each majority-owned foreign affiliate for which the affiliate’s total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater than $80 million (positive or negative) at the end of the affiliate’s 2019 fiscal year.
Form BE-10C
- (1) each majority-owned foreign affiliate for which total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater than $25 million (positive or negative), but for which no one of these items was greater than $80 million (positive or negative) at the end of the affiliate’s 2019 fiscal year;
- (2) each minority-owned foreign affiliate for which total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater than $25 million (positive or negative) at the end of the affiliate’s 2019 fiscal year; and
- (3) each foreign affiliate for which no one of the items: total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater than $25 million (positive or negative) at the end of the affiliate’s 2019 fiscal year that is a foreign affiliate parent of another foreign affiliate being filed on Forms BE-10B or BE-10C.
The U.S. Reporter must file Form BE-10C for:
Form BE-10D
- If, however, a foreign affiliate meeting the reporting requirements for Form BE-10D owns another foreign affiliate being filed on Form BE-10B or BE-10C, the foreign affiliate parent must be filed on Form BE-10C.
The U.S. Reporter must file Form BE-10D for all foreign affiliates for which no one of the items: total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater than $25 million (positive or negative) at the end of the affiliate’s 2019 fiscal year.
Published