Corporate financial statements due May 29
The Securities and Exchange Commission (SEC) has set May 29 as the deadline for corporations to submit their annual financial statements (AFS) for the 2026 filing cycle.
This is part of efforts to streamline compliance and encourage timely reporting.
In a memorandum circular issued on Feb. 11, the SEC said the uniform deadline applies to all corporations with fiscal years ending Dec. 31, including branch offices, representative offices and regional headquarters of foreign companies.
Firms with different fiscal year endings must file their AFS within 120 calendar days from the close of their respective fiscal years.
SEC chair Francis Lim emphasized that filing the reportorial requirements is mandatory. Failure to comply could lead to penalties, including suspension or revocation of corporate registration, he added.
“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,” Lim said.
All submissions must now be done electronically through the SEC’s Electronic Filing and Submission Tool (eFAST). Other reports not yet supported by eFAST should be filed via the iMessage Online Ticketing System.
Submissions through email, mail, courier or over-the-counter channels will no longer be accepted.
Listed firms, public companies and entities with registered securities are required to submit their AFS within 105 calendar days after the end of fiscal year.
