Tax Alert No. 11 [SEC Memorandum Circular (MC) No. 9-2026 dated 11 February 2026]

2026 Filing of Annual Financial Statements (AFS) and General Information Sheet (GIS)

Please be informed that the Commission hereby issues and prescribes the following guidelines on the filing of AFS and GIS for 2026:

1. Deadline of Submission

All corporations, including branch offices, representative offices, regional headquarters, and regional operating headquarters of foreign corporations with fiscal years ending 31 December 2025, must file their AFS through the SEC Electronic Filing and Submission Tool (eFAST) on 29 May 2026.

2. Corporations with Different Filing Schedules

The general filing deadline shall not apply to the following:

a. Corporations with fiscal years ending on dates other than 31 December. These entities shall file their AFS within 120 calendar days from the end of their respective fiscal years.

b. Listed companies, registered but not listed on the Philippine Stock Exchange (PSE), public companies, and entities covered under Section 17.2 of the Securities Regulation Code (SRC). These entities shall file their AFS within 105 calendar days after the end of fiscal year, as attachment to their Annual Reports, in accordance with the Implementing Rules and Regulations of the SRC.

c. Corporations whose AFS are audited by the Commission on Audit (COA) provided that:

- An affidavit signed by the President and Treasurer/Chief Finance Officer attests to timely submission of financial statements to COA; and

- A letter from COA confirms the completion of the audit.

3. Late Filings

Submissions made beyond the prescribed deadline shall be subject to applicable penalties.

4. Requirements for AFS Submission

a. AFS must be BIR-stamped or accompanied by a BIR e-AFS confirmation receipt.

b. AFS must comply with the requirements of Revised SRC Rule 68.

c. Audited AFS are required for:

- Stock and non-stock corporations with assets/liabilities exceeding ₱3,000,000.

- Foreign branches/representative of stock and non-stock foreign offices with capital of at least  ₱1,000,000.

- Regional operating headquarters of foreign corporations with total revenues of at least ₱1,000,000.

d. Corporations below thresholds may submit AFS with a Statement of Management’s Responsibility (SMR) signed under oath by their authorized officers.

5. Filing of General Information Sheet (GIS)

All corporations must file their GIS through eFAST within 30 calendar days from:

a. Stock Corporations: date of annual stockholders meeting.

b. Non-stock Corporations: date of annual members’ meeting.

c. Foreign Corporations: license anniversary date.

6. Submission of SEC Form for Appointment of Officers for One Person Corporations (OPC-AO)

One Person Corporation (OPC) must submit the Appointment of Officers (OPC-AO) Form within:

a. 15 days from issuance of Certificate of Incorporation; or

b. 5 days from the occurrence of any change in officers

7. Submission of Annual Reports

a. All annual reportorial requirements must be filed through eFAST.

b. Reports not yet supported by eFAST must be filed via the iMessage Online Ticketing System.

c. Submissions via email, courier, or over the counter are no longer accepted.

8. Acceptance of the Report

a. The Commission shall accept the reports filed through eFAST regardless of form and contents subject to post-review.

b. Reports filed via eFAST are automatically received and issued a QR code, subject to post-review.

c. Filers remain responsible for the accuracy and completeness of their submissions.

d. Reports may be reverted due to poor quality, incorrect orientation, wrong company profile, wrong period covered and submission type or erroneous content.

9. eFAST Operating Hours

a. eFAST is open for twenty-four (24) hours a day

b. Review, acceptance, and reversion are conducted on weekdays only.

c. Submissions made on weekends, holidays, or during suspensions shall be deemed filed on the next working day.

10. Date of Receipt of the Report

a. The reckoning date shall be the date of compliant submission via eFAST.

b. Reverted reports shall be considered not filed.

c. All submissions remain subject to SEC review and possible penalties.

11. Requirement to Engage SEC-Accredited External Auditors

Corporations covered under Revised SRC Rule 68 are required to engage SEC-accredited external auditors under the appropriate accreditation category.

You may access the full version of the MC through the SEC website. 

For any inquiry or request for assistance, please feel free to contact anyone from our Tax Services group. You may also reach us through this link