[Federal Register Volume 81, Number 64 (Monday, April 4, 2016)]
[Notices]
[Pages 19128-19129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07470]
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DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 160304199-6199-01]
XRIN 0691-XC047
BE-125: Quarterly Survey of Transactions in Selected Services and
Intellectual Property With Foreign Persons
AGENCY: Bureau of Economic Analysis, Commerce.
ACTION: Notice of Reporting Requirements.
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SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA),
Department of Commerce, is informing the public that it is conducting
the mandatory survey titled Quarterly Survey of Transactions in
Selected Services and Intellectual Property with Foreign Persons (BE-
125). This survey is authorized by the International Investment and
Trade in Services Survey Act.
SUPPLEMENTARY INFORMATION: This Notice constitutes legal notification
to all U.S. persons (defined below) who meet the reporting requirements
set forth in this Notice that they must respond to, and comply with,
the BE-
[[Page 19129]]
125. Reports are due 45 days after the end of each fiscal quarter
except for the final quarter. After the end of fiscal year of the U.S.
person, reports must be filed within 90 days. This notice is being
issued in conformance with the rule BEA issued in 2012 (77 FR 24373)
establishing guidelines for collecting data on international trade in
services and direct investment through notices, rather than through
rulemaking. Additional information about BEA's collection of data on
international trade in services and direct investment can be found in
the 2012 rule, the International Investment and Trade in Services
Survey Act (22 U.S.C. 3101 et seq.), and 15 CFR part 801. Survey data
on international trade in services and direct investment that are not
collected pursuant to the 2012 rule are described separately in 15 CFR
part 801. The BE-125 survey form and instructions are available on the
BEA Web site at www.bea.gov/ssb.
Definitions
(a) Person means any individual, branch, partnership, associated
group, association, estate, trust, corporation, or other organization
(whether or not organized under the laws of any State), and any
government (including a foreign government, the U.S. Government, a
State or local government, and any agency, corporation, financial
institution, or other entity or instrumentality thereof, including a
government-sponsored agency).
(b) U.S. person means any person resident in the United States or
subject to the jurisdiction of the United States.
(c) United States, when used in a geographic sense, means the 50
States, the District of Columbia, the Commonwealth of Puerto Rico, and
all territories and possessions of the United States.
(d) Foreign person means any person resident outside the United
States or subject to the jurisdiction of a country other than the
United States.
Reporting
Notice of specific reporting requirements, including who is to
report, the information to be reported, the manner of reporting, and
the time and place of filing reports, will be mailed to those required
to complete this survey.
Who Must Report: (a) Reports are required from each U.S. person who
had sales of covered services or intellectual property to foreign
persons that exceeded $6 million during the previous fiscal year, or
are expected to exceed that amount during the current fiscal year; or
had purchases of covered services or intellectual property from foreign
persons that exceeded $4 million during the previous fiscal year, or
are expected to exceed that amount during the current fiscal year.
Because the thresholds are applied separately to sales and purchases,
the reporting requirements may apply only to sales, only to purchases,
or to both sales and purchases.
(b) Entities required to report will be contacted individually by
BEA. Entities not contacted by BEA have no reporting responsibilities.
What To Report: The survey collects information on U.S.
international trade in selected services and intellectual property.
How To Report: Reports can be filed using BEA's electronic
reporting system at www.bea.gov/efile. Copies of the survey forms and
instructions, which contain complete information on reporting
procedures and definitions, can be downloaded from the BEA Web site
given above. Form BE-125 inquiries can be made by phone to BEA at (202)
606-5588 or by sending an email to [email protected].
When To Report: Reports are due to BEA 45 days after the end of
each fiscal quarter, except for the final quarter of the reporter's
fiscal year when reports must be filed within 90 days.
Paperwork Reduction Act Notice
This data collection has been approved by the Office of Management
and Budget (OMB) in accordance with the Paperwork Reduction Act and
assigned control number 0608-0067. An agency may not conduct or
sponsor, and a person is not required to respond to, a collection of
information unless it displays a valid control number assigned by OMB.
Public reporting burden for this collection of information is estimated
to average 18 hours per response. Additional information regarding this
burden estimate may be viewed at www.reginfo.gov; under the Information
Collection Review tab, click on ``Search'' and use the above OMB
control number to search for the current survey instrument. Send
comments regarding this burden estimate to Director, Bureau of Economic
Analysis (BE-1), U.S. Department of Commerce, Washington, DC 20230; and
to the Office of Management and Budget, Paperwork Reduction Project
0608-0067, Washington, DC 20503.
Authority: 22 U.S.C. 3101-3108.
Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2016-07470 Filed 4-1-16; 8:45 am]
BILLING CODE 3510-06-P