MANILA — In a significant regulatory adjustment, the Securities and Exchange Commission (SEC) has officially extended the submission deadline for annual financial statements (AFS) to June 15. This move aligns corporate reporting schedules with recent changes to the national tax filing calendar.
Originally slated for May 29, the new deadline applies specifically to companies whose fiscal year concluded on December 31, 2025. The extension was announced via an official notice released on Thursday.
"The adjustment follows the extension by the Bureau of Internal Revenue (BIR) of 2025 income tax return filings and attachments to May 15," the SEC stated.
The revised timeline encompasses a broad range of entities, including all domestic corporations, as well as the branches, representative offices, and regional headquarters of foreign firms operating within the country.
In related updates, the commission has also adjusted deadlines for specific financial forms:
- Brokers and dealers may now submit SEC Form 52-AR alongside their AFS until May 15, an extension from the previous April 30 cutoff.
- Public companies and issuers have until May 15 to file their annual reports (SEC Form 17-A) with the required AFS attachments.
SEC Chair Francis Lim emphasized that the extension is designed to provide businesses with necessary flexibility. "This allows firms to align their filings with BIR deadlines and ensures the submission of accurate and complete financial disclosures," Lim explained.
The regulator confirmed that all filings must still be processed through its designated electronic submission system. Companies are required to provide proof of a successful upload from the BIR as part of their compliance.