SEC extends deadline for AFS submission

The Securities and Exchange Commission (SEC) has extended the deadline for the submission of annual financial statements (AFS) and other annual reports that require AFS as an attachment.

In a notice dated April 14, the SEC revised the filing deadlines provided under SEC Memorandum Circular (MC) No. 9, Series of 2026, after the Bureau of Internal Revenue (BIR) extended the submission of 2025 Annual Income Tax Returns (ITR) and its required attachments to May 15.

Under MC 9, financial statements submitted to the Commission must first be stamped “received“ or duly received by the BIR.

In line with this, the deadline for the submission of AFS by domestic and foreign corporations with fiscal year ending on December 31, 2025 has been moved to June 15 from May 29.

The deadline is applicable to all corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, whose fiscal years ended on December 31. Corporations under the jurisdiction of the SEC Extension Offices follow the same schedule.

For brokers and dealers, the deadline for the submission of SEC Form 52-AR, with AFS as attachment, has been moved to May 15 from April 30.

Issuers with securities listed on the Philippine Stock Exchange (PSE), issuers with securities not listed on the PSE, public companies and other companies covered under Section 17.2 of Republic Act No. 8799, or the Securities Regulation Code, may submit their annual reports (SEC Form 17-A), with AFS as an attachment, until May 15.

“The SEC is giving corporations more time to submit their AFS with the SEC so that they may take advantage of the extension provided by the BIR,“ SEC Chairperson Francis Lim said.

“Beyond the alignment, we want to provide corporations ample time to finalize their reports and ensure the accuracy and completeness of information provided in their financial statements,“ he added.

The AFS shall be filed through the Commission‘s Electronic Filing and Submission Tool, or eFAST. Companies who filed their AFS through the online system of BIR shall attach the system-generated transaction reference number/confirmation receipt which contains a document issued by the Bureau, confirming the successful upload of the file. #