The Securities and Exchange Commission (SEC) has announced the revised schedule for the 2026 filing of Annual Financial Statements (AFS) and General Information Sheets (GIS), following the issuance of Memorandum Circular No. 9, Series of 2026, and a subsequent notice extending deadlines to align with tax filing adjustments.
Originally set for May 29, the deadline for the submission of AFS of corporations with fiscal years ending December 31, 2025 has been moved to June 15, 2026. The extension follows the Bureau of Internal Revenue’s (BIR) decision to extend the submission of 2025 Annual Income Tax Returns (ITR) and required attachments until May 15.
Corporations with fiscal years ending on dates other than December 31 shall continue to file their AFS within 120 calendar days from the end of their respective fiscal years.
“The SEC is giving corporations more time to submit their AFS so that they may take advantage of the extension provided by the BIR,” said SEC Chairperson Francis Lim. “Beyond the alignment, we want to provide corporations ample time to finalize their reports and ensure the accuracy and completeness of information.”
The revised deadline applies to all corporations, including branch offices, representative offices, regional headquarters, and regional operating headquarters of foreign corporations. Corporations under the jurisdiction of SEC Extension Offices shall follow the same schedule.
The SEC emphasized that all AFS submissions must first be stamped “received” by the BIR. Companies that filed through the BIR’s online system must attach the system-generated transaction reference number or confirmation receipt.
All reportorial requirements must be submitted exclusively through the SEC’s Electronic Filing and Submission Tool (eFAST). Reports not yet accepted through eFAST must be filed via the iMessage Online Ticketing System. Submission through email, mail, courier, or over-the-counter channels 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,” Lim reiterated.
Audited Financial Statements Requirement
Corporations with total assets or liabilities exceeding 3 million are required to submit audited AFS. Foreign corporations’ branches and representative offices with assigned capital or total assets of at least 1 million, as well as regional operating headquarters with revenues of at least 1 million, are likewise required to submit audited statements.
Entities not meeting these thresholds may submit unaudited AFS, accompanied by a notarized Statement of Management’s Responsibility signed by authorized officers.
General Information Sheet (GIS) Filing
All corporations must file their GIS through eFAST within 30 days from the date of the annual stockholders’ or members’ meeting for stock and nonstock corporations; or on the anniversary date of SEC license issuance for foreign corporations.
One Person Corporations (OPCs) are not required to file a GIS but must submit the SEC Form for Appointment of Officers within 20 days from incorporation or within five days from any change in officers.
The SEC encourages all corporations to comply with the updated deadlines and submission procedures to avoid penalties and ensure continued good standing.**
