All corporations must submit their reports via eFAST (efast.sec.gov.ph), as physical filings are no longer accepted. Noncompliance may result in fines, suspension, or corporate registration revocation.
Who must file AFS?
• Stock and nonstock corporations with assets or liabilities of at least P600,000 must file audited AFS.
• Branch or representative offices of foreign corporations with at least P1 million in assigned capital or assets must file audited AFS.
• Regional operating headquarters of foreign corporations with revenues of P1 million or more must also file audited AFS.
• Corporations below these thresholds may submit AFS certified by their treasurer or CFO.
AFS filing deadlines
• Corporations with a December 31, 2024 fiscal year-end must file based on SEC’s coding schedule by registration number.
• Corporations with different fiscal year-ends must submit within 120 calendar days of their year-end.
• Brokers and dealers with a December 31 fiscal year-end must file by April 30, while those with other fiscal years must file within 110 days.
• Listed companies and certain public firms must file AFS within 105 days of their fiscal year-end.
• Corporations under COA audit are exempt but must submit an affidavit and COA confirmation letter.
GIS filing deadlines
• Stock corporations must file GIS within 30 days of their annual stockholders’ meeting.
• Nonstock corporations must file within 30 days of their annual members’ meeting.
• Foreign corporations must file on the anniversary of their SEC license.
• One-person corporations (OPCs) are exempt but must submit an officer appointment form within 15 days of incorporation or five days after changes.
