SEC aligns yearly report submission with BIR sked

The Securities and Exchange Commission (SEC) has extended the deadline for the submission of annual financial statements (AFS), giving corporations more time to comply with reporting requirements.

In a notice dated April 14, the regulator moved the AFS filing deadline to June 15 from May 29 for companies with fiscal years that ended Dec. 31, 2025.

The adjustment follows the Bureau of Internal Revenue’s (BIR) extension of the submission of 2025 annual income tax returns and attachments to May 15.

Under SEC Memorandum Circular No. 9, Series of 2026, financial statements filed with the Commission must first be stamped “received” or duly received by the BIR.

The revised schedule applies to all corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign firms.

Corporations under the jurisdiction of SEC extension offices will follow the same deadline, the regulator said.

For brokers and dealers, the deadline for submitting SEC Form 52-AR, with AFS as an attachment, has been moved to May 15 from April 30.

Meanwhile, issuers with securities listed or not listed on the Philippine Stock Exchange—as well as public companies and other firms covered under the Securities Regulation Code—may submit their annual reports (SEC Form 17-A) with AFS attachments until May 15.

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SEC Chair Francis Lim said the extension allows corporations to align their submissions with BIR timelines and ensure the accuracy and completeness of financial reports.

“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,” Lim said.

The SEC said AFS must be filed through its Electronic Filing and Submission Tool, with companies required to attach proof of successful upload from the BIR system.