SEC sets deadline for AFS, GIS filing
The Securities and Exchange Commission (SEC) has issued the schedule for the submission of corporations’ annual financial statements (AFS) and general information sheets (GIS) for 2026.
The SEC on February 11 issued Memorandum Circular No. 9, Series of 2026, which provides for the schedule of the 2026 Filing of Annual Financial Statements and General Information Sheets.
The AFS and GIS shall be filed through the Electronic Filing and Submission Tool, or eFAST. Other reports not yet accepted through eFAST shall be submitted through the iMessage Online Ticketing System at imessage.sec.gov.ph.
Submission of reports through email, mail, courier and/or over the counter shall no longer be accepted.
“Filing of reportorial requirements is mandatory, and is a duty that all registered corporations must comply with every year. Failure to file may result in penalties and the suspension or revocation of one’s corporate registration,” SEC Chairperson Francis Lim said.
“This year, we are implementing a uniform filing deadline for AFS as part of our continuing efforts to simplify compliance. A single deadline reduces confusion and administrative burden, particularly for companies with multiple entities, and we hope it will encourage timely submissions,” he added.
Annual financial statements
Under the memorandum circular, the deadline for filing of AFS has been set to 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.
Meanwhile, corporations whose fiscal years end on a date other than December 31 shall file their AFS within 120 calendar days from the end of their respective fiscal years.
Brokers and dealers whose fiscal years end on December 31, shall file their annual reports on April 30, while those whose fiscal years end on a date other than December 31 shall file their SEC Form 52-AR within 110 calendar days after the close of their respective fiscal years.
Corporations whose securities are listed on the Philippine Stock Exchange (PSE), those with registered securities but not listed on the PSE, those considered as public companies, and other entities covered under Section 17.2 of the Republic Act No. 8799, or the Securities Regulation Code, shall file their AFS within 105 calendar days after the end of fiscal year, as attachment to their annual reports.
Companies with AFS being audited by the Commission on Audit (COA) are not covered by the deadline, but should attach to their AFS a duly signed affidavit attesting the timely submission of financial statements and supporting documents with the COA, and that the audit has just been concluded, as well as a letter from COA confirming the contents of the affidavit.
Non-listed registered issuers of securities which filed SEC Form 17-EX, or the Notification of Suspension of Duty to File reports under Section 17 of the SRC, for 2026 shall file their AFS on May 29 if their fiscal year ended on December 31, or within 120 days from the end of their respective fiscal years if their fiscal year ended on other dates, whichever is applicable.
Failure to comply with the May 29 deadline for the submission of the AFS will be subject to the applicable penalties.
The AFS to be submitted, other than the consolidated financial statements, must be stamped “received” by the Bureau of Internal Revenues (BIR).
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.
Audited AFS requirement
Stock and nonstock corporations with total assets or liabilities of over ₱3 million are required to submit audited annual financial statements.
Branch offices/representative offices of stock and nonstock foreign corporations, with assigned capital and total assets, respectively, amounting to ₱1 million or more, as well as regional operating headquarters of foreign corporations with total revenues of ₱1 million or more are likewise required to submit audited financial statements.
Corporations which do not meet the thresholds for the required filing of audited financial statement may submit their AFS, accompanied by a Statement of Management’s Responsibility, signed under oath by the chairman of the board, president or chief executive officer, and treasurer or chief financial officer, all duly authorized by the board of directors, for stock and nonstock corporations, or by the president and treasurer, for one person corporations (OPC).
GIS filing
All corporations are required to file their GIS through eFAST within 30 days from the date of the actual annual stockholders’ meeting for stock corporations, from the date of actual annual members’ meeting for nonstock corporations; and the anniversary date of the issuance of their respective SEC licenses for foreign corporations.
Meanwhile, OPCs are not required to file their GIS, but should submit the SEC Form for Appointment of Officers within 15 days from the date of issuance of their certificate of incorporation or within five days from when the change was reflected.
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