SEC Memorandum Circular No. 23 Series of 2014 was issued to adopt the following measures in the filing of the AFS of companies whose fiscal year ends on December 31, 2014 and General Information Sheet.
All Corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, that file their AFS and GIS at the Commission's Head Office in Mandaluyong City, Satellite Office, Davao, Cebu, Iloilo and Baguio Extension Offices shall depending on the last numerical digit of their SEC registration or license number, be governed by the following schedule in the filing period for 2015:
April 13, 14, 15, 16, 17: "1", "2"
April 20, 21, 22, 23, 24: "3", "4"
April 27, 28, 29, 30: "5", "6"
May 4, 5, 6, 7, 8: "7", "8"
May 11, 12, 13, 15, 15: "9", "0"
Prior to April 13, 2015 all corporations may file their AFS regardless of the last numerical digit of their registration or license number;
Late filing shall be accepted starting May 18, 2015 and shall be subject to the prescribed penalties which shall be computed from the date of the last day of filing schedule stated in paragraph 1;
The AFS, other than the consolidated financial statements, shall have the stamped "received by the Bureau of Internal Revenue (BIR) or its authorized banks, unless the BIR allows an alternative proof of submission for its authorized banks (e.g. bank slips);
Please refer http://www.sec.gov.ph/docs_home/sec_memo_no.23_s2014.pdf of the full text of the circular.
