The Securities and Exchange Commission (SEC) has officially announced that all corporations with fiscal year ending December 31, 2025 must file their Annual Financial Statements (AFS) by May 29, 2026 through the Electronic Filing and Submission Tool (eFAST). This uniform deadline is part of the SEC’s continuing push for digital compliance and corporate transparency in the Philippines.
Who Needs to File?
- Corporations with December 31 fiscal year end → Deadline: May 29, 2026
- Non‑December fiscal year ends → Within 120 days after fiscal year end
- Brokers & dealers (December 31 fiscal year end) → Deadline: April 30, 2026
- Public companies & listed entities → Within 105 days after fiscal year end
How to File
- Mandatory platform: SEC eFAST for AFS and General Information Sheet (GIS)
- Other reports: Submit via iMessage Online Ticketing System (imessage.sec.gov.ph)
- Not accepted: Email, courier, or over‑the‑counter submissions
Risks of Non‑Compliance
Late or incorrect filings can result in administrative fines, suspension, or even revocation of corporate registration. Beyond penalties, non‑compliance can delay important corporate transactions such as mergers, licensing, or expansion approvals. For businesses planning growth, timely filing is not just a regulatory requirement—it’s a strategic necessity.
Compliance Checklist by Account It Right
- Confirm your fiscal year end and mark May 29, 2026 if applicable.
- Prepare audited financial statements early with your external auditor.
- Ensure all required attachments (board resolutions, notarizations, schedules) are complete.
- Assign a compliance officer to manage eFAST uploads.
- File at least one week before the deadline to avoid system congestion.
- Save proof of submission (SEC acknowledgment receipts).
Why Partner with Account It Right?
At Account It Right, we specialize in helping Philippine corporations stay compliant with SEC regulations. Our services include:
- End‑to‑end AFS preparation and eFAST filing
- Board briefing and resolutions tailored for quick approval
- Fixed‑fee compliance packages for SMEs, partnerships, and foreign corporations
Contact us now to schedule a compliance check before the deadline.