Search Results for keywords:"mandatory reporting"

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Search Results: keywords:"mandatory reporting"

  • Type:Notice
    Citation:90 FR 10880
    Reading Time:about 3 minutes

    The Bureau of Economic Analysis (BEA) of the Commerce Department has issued a notice about the mandatory Quarterly Survey of Ocean Freight Revenues and Foreign Expenses of U.S. Carriers (BE-30). This survey helps measure trade in transport services and its impact on both the U.S. and foreign economies. U.S. ocean carriers with revenues or expenses of $500,000 or more must report their information each quarter. Survey forms can be submitted electronically, or by mail or fax, and are due 30 days after each quarter ends.

    Simple Explanation

    The Bureau of Economic Analysis in the U.S. wants to know how much money is made and spent by American ships when they carry stuff to other countries. If they make or spend a lot, they have to fill out and send a form every three months.

  • Type:Notice
    Citation:90 FR 10883
    Reading Time:about 3 minutes

    The Bureau of Economic Analysis (BEA), part of the Department of Commerce, has issued a notice regarding the mandatory Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons (BE-125). This survey collects data to measure the U.S.'s trade in services and its impact on the economy. U.S. individuals or organizations meeting certain sales or purchase thresholds with foreign persons are required to report. The survey must be submitted within 30 days after each fiscal quarter ends, except for the final quarter, which has a 45-day deadline. The survey process is approved by the Office of Management and Budget under control number 0608-0067.

    Simple Explanation

    The Bureau of Economic Analysis wants to know about how certain businesses in the U.S. trade services with people from other countries, so they ask these businesses to fill out a special form every few months to help them understand this trade better. If a business sells or buys enough services or intellectual things like music or inventions from or to other countries, they have to tell the BEA by filling out the form.