BEA – Submission to the OMB for Review and Approval and Comment Request: BE-125 – Quarterly Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons

May 5, 2021 – The Bureau of Economic Analysis (BEA) is proposing minor modifications to the existing transaction categories covered by the BE-125 survey and a change to the survey due date, beginning with reporting for the first quarter of 2022. The proposed modifications to the BE-125 survey would allow BEA to align its statistics more closely with international economic accounting guidelines and to increase the quality and usefulness of BEA’s statistics on trade in services.

To ensure consideration, comments regarding this proposed information collection must be received on or before July 6, 2021.

Client Impact:
PROPOSED Reporting changes to form/instructions for reports beginning quarter ending as-of March 31, 2022, including PROPOSED due date change quarterly from 45 to 30 days (90 to 45 days for fiscal year-end)

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