Tax Notes

Extension of deadlines for the 2023 Filing of Annual Financial Statements


The Securities and Exchange Commission (SEC) has extended the deadline of the 2023 filing of annual financial statements (AFS) to provide sufficient time to external auditors to produce high-quality financial reports.

Pursuant to SEC Memorandum Circular No. 1 Series of 2023, the extension of the deadline will depend on the last numerical digit of taxpayers’ SEC registration or license numbers:

Considering the new filing schedules, the SEC also extended the deadline for the late filing of AFS from June 5, 2023, to July 3, 2023.

Please be guided accordingly.



P&A Grant Thornton

Certified Public Accountants

P&A Grant Thornton is the Philippine member firm of Grant Thornton International Ltd.


As published in SunStar Cebu, dated 09 March 2023

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