The Securities and Exchange Commission (SEC), in a notice dated August 11, 2020, has issued further extended deadlines for the submission of Annual Reports (AR) in the Philippines. The circular likewise reiterates the guidelines on the filing process through various modes for the compliance of concerned corporations.
Audited Financial Statements
The Securities and Exchange Commission (SEC), under the SEC Memorandum Circular (MC) No. 17 Series of 2020, has extended the deadline on submission of the Annual Reports, Audited Financial Statements (AFS) and applicable Quarterly Reports.
Please be reminded that the Securities and Exchange Commission (SEC) and Bureau of Internal Revenue (BIR) require stock and non-stock corporations and partnerships incorporated and/or registered in the Philippines to file and submit audited (if applicable) annual financial statements (FS) and annual income tax returns (ITR).