The Securities and Exchange Commission (SEC) has announced the official schedule for the submission of Annual Financial Statements (AFS) and General Information Sheets (GIS) for the year 2026.
This directive is based on Memorandum Circular No. 9, Series of 2026, which outlines the 2026 Filing of Annual Financial Statements and General Information Sheets.
Key Points:
1. Mandatory Electronic Filing
- All corporations must file their AFS and GIS through the Electronic Filing and Submission Tool (eFAST).
- Other reports not yet accepted through eFAST must be filed via the SEC’s Online Ticketing System at msgosec.gov.ph.
- The SEC will no longer accept submissions via mail, courier, or over-the-counter.
2. Compliance Requirement
- The SEC emphasized that filing these reports is a mandatory duty for all registered corporations.
- Non-compliance may result in penalties, fines, or revocation of registration.
- The Commission aims to ensure uniformity, efficiency, and transparency in corporate reporting.
3. Filing Deadlines
- The deadline for AFS submission is May 29, 2026.
- This applies to all corporations, including branch offices, representative offices, and regional headquarters.
- Corporations with a fiscal year ending December 31 must file their AFS within 120 days after the end of their fiscal year.
- Corporations under the jurisdiction of SEC Extension Offices must also follow the same schedule.
4. SEC’s Objective
- The SEC stated that the uniform filing schedule is part of its ongoing efforts to streamline regulatory compliance and enhance data accuracy.
- The Commission encourages timely and complete submissions to maintain good corporate standing.
In summary:
The SEC’s 2026 directive enforces strict electronic filing of AFS and GIS through eFAST, with a May 29, 2026 deadline for most corporations. The move eliminates manual submissions and strengthens compliance monitoring across all registered entities in the Philippines.
Below is the actual PRESS RELEASE Document by SEC.
Source: SEC Website
