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