THIS schedule for company submissions of annual financial statements (AFS) and general information sheets (GIS) this year has been released by the Securities and Exchange Commission (SEC).
In Memorandum Circular 9, Series of 2026 that was issued last week, the SEC said that all corporations, including branch offices, representative offices and regional offices of foreign corporations, with fiscal years ending on Dec. 31 have until May 29 to submit their AFS using the regulator’s Electronic Filing and Submission Tool (eFAST).
Submissions after May 29 will be subjected to penalties, the regulator said.
Corporations with fiscal years ending on other dates, meanwhile, must file within 120 calendar days from their fiscal year-end.
Brokers and dealers with Dec. 31 year-ends must file using SEC Form 52-AR by April 30. Those whose fiscal years end on another date should do so 110 calendar days after the year closes.
For firms listed on the Philippine Stock Exchange (PSE), those with registered but unlisted securities, public companies and other entities covered under Section 17.2 of the Securities Regulation Code should file the AFS within 105 calendar days after their fiscal year-end.
These should be attached to their annual reports, the SEC said.
Non-listed issuers that filed SEC Form 17-EX — a notification that the duty to submit regular reports has been suspended — must also file by May 29 if their fiscal year ended on Dec. 31 or within 120 days if on another date.
Those with AFS that are being audited by the Commission on Audit (COA) are exempt from the deadline but must submit a signed affidavit and COA confirmation letter.
All submitted financial statements, other than consolidated ones, must be stamped “received” by the Bureau of Internal Revenue (BIR), or include a system-generated confirmation if filed with the tax bureau online.
Stock and nonstock corporations with total assets or liabilities exceeding P3 million must submit audited AFS, as should certain foreign branch offices and regional operating headquarters meeting the threshold requirement of P1 million.
Corporations below these thresholds may submit an AFS with a statement of management’s responsibility signed by authorized officers.
As for the GIS, all corporations must file this through eFAST within 30 days of their annual stockholders’ or members’ meetings, or the anniversary of their SEC license for foreign corporations.
One-person corporations are not required to file GIS but must submit the SEC Form for Appointment of Officers within 15 days of incorporation or within five days of any changes.
AFS and GIS must be filed through eFAST while other reports not accepted through this should be submitted via the iMessage Online Ticketing System.
Submissions by email, mail, courier, or over-the-counter will no longer be accepted.
The eFAST will be open 24/7 but reviews, acceptance and reversions will only be done from Monday to Friday, the SEC said. Submissions made during weekends, holidays or work suspensions will be considered filed on the next working day.
“Filing of reportorial requirements is mandatory, and is a duty that all registered corporations must comply with every year,” SEC Chairman Francis Lim said.
“Failure to file may result in penalties and the suspension or revocation of one’s corporate registration,” he added.
Lim said that a uniform filing deadline for AFS would reduce confusion, ease administrative burdens for companies with multiple entities and encourage timely submissions.