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Filing of AFS and GIS

THE Securities and Exchange Commission (SEC) issued Memorandum Circular No. 03 dated Jan. 22, setting the due dates for submitting the annual financial statements (AFS) and general information sheets (GIS).

Filing of AFS:

Corporations whose fiscal year ended on Dec. 31 must file their AFS on or before the following due dates, depending on the last numerical digit of their SEC registration or license number:

                    April 16, 17, 18, 19, 20              :        “1,” “2”

                    April 23, 24, 25, 26, 27          :         “3,” “4”

                    April 30, May 2, 3, 4             :        “5,” “6”

                    May 7, 8, 9, 10, 11                   :        “7,” “8”

                    May 14, 15, 16, 17, 18              :        “9,” “0”

Late filings will be accepted starting May 21, and will be subject to prescribed penalties, which will be computed from the date of the last day of the required filing schedule.

Entities whose fiscal year ended on a date other than Dec. 31 must file their AFS within 120 calendar days from the end of their fiscal year.

Filing of GIS:

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

(a) Stock corporations - date of annual stockholders’ meeting per by-laws;

(b) Non-stock corporations - date of annual members’ meeting per by-Laws; and

(c) Foreign corporations - anniversary date of the issuance of the SEC license

All corporations may directly file their AFS and GIS at the SEC head office and all SEC satellite and extension sffices. Further, those complying with the circularized SEC-issued number coding schedule may choose to file their AFS through:

SEC Express Nationwide Submission (SENS);

Any courier/regular mail; or SEC Express online submission.

Please be guided accordingly.


Certified Public Accountants

Punongbayan & Araullo (P&A) is the Philippine member firm of Grant Thornton International Ltd.


As published in SunStar Cebu dated 6 February 2018.