J.P. Santos Tax and Accounting Services

Extension of Filing Deadline of Audited Financial Statements

📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗙𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝟮𝟬𝟮𝟱 𝗔𝗻𝗻𝘂𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀 (𝗔𝗙𝗦)

The filing deadline for the 2025 Annual Financial Statements (AFS) and related reportorial requirements has been 𝗘𝗫𝗧𝗘𝗡𝗗𝗘𝗗. This follows the issuance of Revenue Memorandum Circular No. 30-2026 by the Bureau of Internal Revenue (BIR).

🗓️ Revised Deadlines:
• Annual Financial Statements of All Corporations: 𝗝𝘂𝗻𝗲 𝟭𝟱, 𝟮𝟬𝟮𝟲
• SEC Form 52-AR of Brokers & Dealers: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲
• Annual Reports (SEC Form 17-A) with AFS as attachment: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲

All corporations are reminded to ensure that submitted AFS are duly received by the BIR.

Read the full notice here: https://www.sec.gov.ph/notices-2026/extension-of-the-deadline-for-filing-of-2025-annual-financial-statements-afs/

Tax Deadline Moved From April 15, 2026 to May 15, 2026

📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝗮𝗿𝗹𝘆 𝗖𝗼𝗻𝗱𝘂𝗰𝘁 𝗼𝗳 𝗔𝗻𝗻𝘂𝗮𝗹 𝗦𝘁𝗼𝗰𝗸𝗵𝗼𝗹𝗱𝗲𝗿𝘀’ 𝗠𝗲𝗲𝘁𝗶𝗻𝗴𝘀 (𝗔𝗦𝗠)

The Securities and Exchange Commission (SEC), through the Markets and Securities Regulation Department (MSRD), has issued guidelines on the early conduct of Annual Stockholders’ Meetings (ASM).

Companies intending to hold their ASM earlier than the date specified in their bylaws must ensure that the early conduct is supported by a justifiable reason, approved by the Board of Directors, and properly disclosed to the SEC.

Read the full notice here: https://www.sec.gov.ph/notices-2026/notice-on-the-early-conduct-of-annual-stockholders-meetings/

📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗧𝗲𝗺𝗽𝗼𝗿𝗮𝗿𝘆 𝗨𝘀𝗲 𝗼𝗳 𝟮𝟬𝟮𝟬 𝗙𝗼𝗿𝗺 𝗳𝗼𝗿 𝗨𝗿𝗴𝗲𝗻𝘁 𝗙𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗦𝗵𝗲𝗲𝘁 𝗼𝗻 𝗲𝗙𝗔𝗦𝗧

The Securities and Exchange Commission (SEC) temporarily allows corporations that are still setting up or restoring access to their eSECURE accounts to submit their General Information Sheet (GIS) through eFAST using the 2020 version of the GIS Form.

This arrangement will be available until 15 April 2026. After this date, corporations will be required to use the 2026 GIS Form, which integrates the submission of beneficial ownership information through HARBOR.

📄 Download the form here: https://bit.ly/2020GISForms
🔗 Read the full notice here: https://www.sec.gov.ph/notices-2026/temporary-use-of-2020-form-for-urgent-filing-of-general-information-sheet-on-efast/

SEC Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR)

: RMO No. 001-2026

Prescribing Revised Policies, Controls and Procedures for Tax Audit and Assessment

See full text:https://bir-cdn.bir.gov.ph/BIR/pdf/RMO%20No.%201-2026.pdf

Taxpayer selection for audit shall be based primarily on the selected criteria below.

: MC No. 4, Series of 2026.

Amendments to the Application and Definition of Terms Under the Revised SRC Rule 68

Relevant Provisions:
1. Audit threshold is increased to ₱3M (from ₱600,000) in total assets or total liabilities.
2. Corporations below the threshold shall submit financial statements accompanied with Statement of Management Responsibility signed under oath by Chairman/ President/ CEO and CFO/ Treasurer.
3. Applicable to fiscal year ending December 31, 2025.
4. Not applicable to entities classified as Group A, B, and C under SRC Rule 68, and entities vested with public interest.