FLA return reporting: domestic assets and liabilities excluded from reporting, even if denominated in foreign currency. Reporting obligations for the Annual Return on the Foreign Liabilities and Assets (FLA Return) exclude any domestic assets and liabilities; such domestic ... Summary
FLA return reporting: domestic assets and liabilities excluded from reporting, even if denominated in foreign currency.
Reporting obligations for the Annual Return on the Foreign Liabilities and Assets (FLA Return) exclude any domestic assets and liabilities; such domestic items need not be included even where denominated in a foreign currency, so only cross-border or foreign-sourced liabilities and assets fall within FLA reporting scope.
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