The payable and receivable balances section of Form BE-605 is for reporting balances between the U.S. affiliate, as consolidated, and its affiliated foreign group. The affiliated foreign group includes the foreign parent and foreign affiliates of the foreign parent. This section also collects country detail for the balances between the U.S. affiliate and foreign affiliates of the foreign parent. If the U.S. affiliate has more than one foreign parent, then a separate BE-605 form should be filed for each foreign parent. See definition of “Affiliated foreign group” and “Foreign affiliate of foreign parent” at the back of Form BE-605.
Published