SEC sets AFS, GIS filing deadlines

The Securities and Exchange Commission (SEC) has released Memorandum Circular No. 1, Series of 2025, outlining the schedule for corporations to submit their annual financial statements (AFS) and general information sheets (GIS) for this year.

Companies with total assets or liabilities of at least P600,000, and foreign corporations meeting specific asset or revenue thresholds, are required to submit audited financial statements.

All corporations must file these reports online through the SEC Electronic Filing and Submission Tool (eFAST) at efast.sec.gov.ph, as the SEC will not accept submissions via traditional methods.

According to SEC Chairperson Emilio B. Aquino, compliance is mandatory and failure to submit reports can result in fines and potential suspension or revocation of corporate registration.

Submission dates are staggered based on the last digit of a corporation's registration number, with deadlines ranging from May to July, and corporations with fiscal years ending on dates other than December 31 have 120 calendar days to file.