The Securities and Exchange Commission (SEC) has announced a significant extension for corporate annual financial reporting, moving the deadline to June 15 to better align with the Bureau of Internal Revenue's (BIR) tax filing schedule.
In a regulatory notice issued on April 14, the SEC shifted the submission deadline for Annual Financial Statements (AFS) from May 29 to June 15 for corporations whose fiscal year ended on December 31, 2025. This adjustment follows the BIR's recent extension of the 2025 annual income tax return deadline to May 15.
"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," said SEC Chair Francis Lim.
The revised timeline applies broadly to all corporations operating under SEC jurisdiction, including branch offices, representative offices, regional headquarters, and regional operating headquarters of foreign companies. Corporations registered with SEC extension offices must also adhere to the new June 15 deadline.
For financial sector participants, the SEC has adjusted deadlines for specialized filings:
- Brokers and dealers now have until May 15 (extended from April 30) to submit SEC Form 52-AR with attached AFS
- Public companies and securities issuers—whether listed on the Philippine Stock Exchange or not—may submit their annual reports (SEC Form 17-A) with AFS attachments until May 15
A key requirement under SEC Memorandum Circular No. 9, Series of 2026 mandates that financial statements filed with the Commission must first receive official "received" stamps or acknowledgment from the BIR. Corporations must submit their AFS through the SEC's Electronic Filing and Submission Tool and include proof of successful upload from the BIR system as part of their compliance documentation.
This regulatory coordination aims to streamline corporate reporting processes while ensuring financial statements are thoroughly prepared and verified before submission to both agencies.