The Securities and Exchange Commission (SEC) has announced this year’s schedule for submission of corporations’ annual financial statements (AFS) and general information sheets (GIS).

The SEC on Feb. 11 issued Memorandum Circular (MC) No. 9, series of 2026, which provides the schedule for the 2026 filing of AFS and GIS. Under the MC, the deadline for filing AFS has been set at May 29.

AFS and GIS shall be filed through Electronic Filing and Submission Tool, or eFAST. Other reports not yet accepted through eFAST shall be submitted through iMessage Online Ticketing System at imessage.sec.gov.ph.

Submission of reports through email, mail, courier, or over the counter will 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.

He noted that, “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.”

The deadline applies to all corporations, including branch offices, representative offices, regional headquarters (RHQ), and regional operating headquarters (ROHQ) of foreign corporations whose fiscal years (FYs) ended on Dec. 31. Corporations under jurisdiction of SEC extension offices follow the same schedule.

Meanwhile, corporations whose FYs end on a date other than Dec. 31 shall file AFS within 120 calendar days from the end of their respective FYs.

Brokers and dealers whose FYs end on Dec. 31 shall file their annual reports on April 30, while those whose FYs end on a date other than Dec. 31 shall file SEC Form 52-AR within 110 calendar days after the close of their respective FYs.

Corporations whose securities are listed on the Philippine Stock Exchange (PSE), those with registered securities but not listed on the PSE, those considered public companies, and other entities covered under Section 17.2 of the Securities Regulation Code (SRC) shall file AFS within 105 calendar days after the end of their FYs, as attachment to annual reports.

Companies with AFS being audited by the Commission on Audit (COA) are not covered by the deadline but must attach to their AFS a duly signed affidavit attesting to timely submission of FS and supporting documents to COA, and that the audit has just been concluded, as well as a letter from COA confirming the affidavit’s contents.

Non-listed registered issuers of securities that filed SEC Form 17-EX, or notification of suspension of duty to file reports under Section 17 of the SRC, for 2026 shall file AFS on May 29 if their FY ended on Dec. 31, or within 120 days from the end of their respective FYs if their FY ended on other dates, whichever is applicable.

Failure to comply with the May 29 deadline for AFS submission will be subject to applicable penalties.

AFS to be submitted, other than consolidated FS, must be stamped “received” by the Bureau of Internal Revenue (BIR).

Companies that filed their AFS through the BIR’s online system shall attach the system-generated transaction reference number or confirmation receipt containing a document issued by the bureau confirming the file’s successful upload.

Stock and nonstock corporations with total assets or liabilities exceeding ₱3 million are required to submit audited AFS.

Stock and nonstock foreign corporations’ branch offices or representative offices with assigned capital and total assets, respectively, amounting to ₱1 million or more, as well as foreign corporations’ ROHQ with total revenues of ₱1 million or more, are likewise required to submit AFS.

Corporations that do not meet required AFS filing thresholds may submit their AFS accompanied by statement of management’s responsibility, signed under oath by the chairman of the board, president or chief executive officer (CEO), and treasurer or chief financial officer (CFO), all duly authorized by the board of directors for stock and nonstock corporations, or by the president and treasurer for one-person corporations (OPCs).

All corporations are required to file GIS through eFAST within 30 days from date of actual annual stockholders’ meeting (ASM) for stock corporations, from date of actual annual members’ meeting for nonstock corporations, and from anniversary date of issuance of their respective SEC licenses for foreign corporations.

Meanwhile, OPCs are not required to file GIS but must submit the SEC form for appointment of officers within 15 days from issuance of their certificate of incorporation or within five days from the date any change was made. - James A. Loyola