The Securities and Exchange Commission – Davao Extension Office (SEC DavEO) has issued a final advisory urging corporations to complete their annual report submissions through its designated online platform.
According to the agency, all filings must now be processed exclusively via the SEC Electronic Filing and Submission Tool (eFAST), as part of efforts to improve efficiency and strengthen data security.
The office also confirmed that traditional filing methods, including courier deliveries and over-the-counter submissions, have been fully phased out.
Corporations have until June 15, 2026, to submit their Annual Financial Statements (AFS). To be considered valid, submissions must include proof that the AFS has been filed with the Bureau of Internal Revenue (BIR). Companies that used the BIR’s e-AFS system are required to attach the corresponding Transaction Reference Number or Confirmation Receipt.
SEC Davao emphasized that this proof must clearly indicate key details such as the company name, Taxpayer Identification Number (TIN), taxable year, and the list of files successfully uploaded.
The agency reiterated the need for strict compliance with digital procedures to prevent delays or rejection of filings.
For the General Information Sheet (GIS), corporations are required to file within 30 calendar days from the date of their annual stockholders’ or members’ meeting. In the case of foreign corporations, the 30-day period is counted from the anniversary of their license issuance.
The directive applies to all corporations, including branches, representative offices, and regional or operating headquarters of foreign firms, particularly those with fiscal years ending December 31.
SEC Davao advised companies to file well ahead of the June 15 deadline to avoid technical issues and penalties associated with late submissions.
