SEC Reportorial Requirements Philippines Guide for SMEs
Complete compliance guide for corporations and partnerships on SEC reportorial requirements, including annual filings, quarterly reports, deadlines, fees, and practical compliance tips for small and medium enterprises
What you'll learn in this SEC reportorial requirements guide
This SEC Reportorial Requirements Philippines guide for SMEs explains what SEC reportorial requirements are, who must file, annual and quarterly filing requirements, deadlines, forms, fees, payment channels, and compliance tips for corporations and partnerships.
For other business compliance topics, also see our BIR Business Registration Guide, DTI Business Name Registration Guide, Philippines Business Compliance Guide 2026, and Donor's Tax Philippines Guide.
What are SEC Reportorial Requirements?
The Securities and Exchange Commission (SEC) requires corporations and partnerships in the Philippines to submit regular reports to maintain good standing. These reportorial requirements ensure transparency and accountability in business operations.
Key Points to Understand:
- Reportorial requirements are mandatory for all SEC-registered entities
- Failure to comply may result in penalties and loss of good standing
- Requirements vary by entity type (corporation vs partnership)
- Both annual and quarterly filings may be required
- Online filing via SEC Express is now the standard method
Who Must File SEC Reports?
1 Corporations
Both stock and non-stock corporations must file SEC reports annually and quarterly as required.
2 Partnerships
General and limited partnerships registered with SEC must comply with reportorial requirements.
Important Note for SME Owners
If your business is registered as a corporation or partnership with SEC, you are required to file reportorial requirements regardless of business size or revenue. Sole proprietorships registered with DTI are not subject to SEC requirements.
Annual Reportorial Requirements
1. General Information Sheet (GIS)
Key Information Required: Current directors/trustees/officers, business address, principal office, capital structure, subsidiaries and affiliates
2. Audited Financial Statements (AFS)
Requirements: Balance sheet, income statement, statement of changes in equity, statement of cash flows, notes to financial statements, auditor's report, board and stockholder approval
Quarterly Reportorial Requirements
1. Quarterly Financial Statements
Requirements: Balance sheet, income statement, statement of cash flows (for some entities), president's certification
2. Quarterly Report on Foreign Investments
Applicable to: Corporations with foreign ownership
Special Reports and Notifications
Changes That Must Be Reported
The following changes must be reported to SEC within 30 days:
- Change of Directors/Officers - Within 30 days from election/appointment
- Change of Business Address - Within 30 days from change
- Change of Fiscal Year - Prior to change, with SEC approval
- Increase/Decrease of Capital - Within 30 days from approval
- Merger, Consolidation, Dissolution - As per SEC guidelines
Forms for Special Reports
Most changes are reported using SEC Form 17-C (Amendment) for stock corporations or SEC Form 17-A (Amendment) for non-stock corporations. Merger, consolidation, and dissolution require specific forms and detailed documentation.
Filing Procedures
Online Filing via SEC Express
- Register at secexpress.ph
- Fill out required forms online
- Upload required documents
- Pay fees online
- Receive confirmation
Manual Filing
- Prepare hard copies of forms
- Attach required documents
- Pay fees at authorized banks
- Submit to SEC office
- Receive acknowledgment
Recommended Method
SEC strongly encourages online filing via SEC Express for faster processing and convenience. Manual filing may still be allowed for certain cases but takes longer to process.
Filing Fees
💰 Standard Filing Fees
| Report Type | Fee |
|---|---|
| Annual GIS (Stock Corporation) | PHP 1,000 |
| Annual GIS (Non-Stock Corporation) | PHP 500 |
| Annual GIS (Partnership) | PHP 500 |
| AFS Filing | Based on authorized capital stock |
Late Filing Penalties
- Late GIS: PHP 500 per month
- Late AFS: PHP 1,000 per month
- Maximum penalties may apply for prolonged delays
✓ Compliance Checklist
Monthly
Quarterly
Annually
As Needed
Common Mistakes to Avoid
1. Missing Deadlines
Late filings incur penalties and may affect your company's good standing. Mark all deadlines on your calendar and file early when possible.
2. Incomplete Documentation
Ensure all required documents are attached before submission. Incomplete filings may be rejected and cause delays.
3. Incorrect Information
Double-check all data before submission. Errors may require amendments and additional fees.
4. Not Updating Changes
Report changes promptly within 30 days. Failure to update changes may result in penalties.
5. Ignoring Quarterly Requirements
Some entities forget quarterly reports. Check if your entity type requires quarterly filings.
6. Not Getting Proper Approvals
Ensure board and stockholder approvals are obtained before filing certain reports like AFS.
7. Filing Wrong Forms
Use correct forms for your entity type. Stock corporations use Form 17-C, non-stock use Form 17-A.
8. Not Keeping Copies
Maintain records of all filings for future reference and audit purposes.
Tips for SMEs
1. Set Up a Compliance Calendar
Track all SEC filing deadlines in advance. Set reminders 30 days before each deadline.
2. Hire a Competent Accountant
Professional help ensures accuracy and timely filing. A good accountant can also advise on compliance.
3. Maintain Good Records
Keep organized financial records year-round. This makes preparing reports much easier.
4. Use SEC Express
Online filing is faster and more convenient. Register at secexpress.ph and familiarize yourself with the system.
5. Monitor SEC Announcements
Stay updated on requirement changes by regularly checking the SEC website and announcements.
6. Plan Ahead
Start preparing documents weeks before deadlines. Don't wait until the last minute.
7. Keep Copies of All Filings
Maintain a filing system for all SEC submissions, receipts, and confirmations.
8. Regularly Check SEC Status
Verify your company's standing with SEC to ensure everything is in order.
Consequences of Non-Compliance
What Happens If You Don't Comply
- Monetary Penalties - Late filing fees accumulate over time
- Suspension of Business - SEC may suspend your business operations
- Loss of Good Standing - Affects your business credibility
- Difficulty in Transactions - Banks and partners may require good standing
- Legal Issues - Non-compliance may lead to legal action
Stay Compliant
The cost of compliance is much lower than the cost of non-compliance. Make SEC reportorial requirements a priority for your business.
Key Takeaways for Business Owners
- 1. SEC reportorial requirements are mandatory for all corporations and partnerships registered with SEC
- 2. Annual GIS must be filed within 30 days after annual stockholders' meeting
- 3. Audited Financial Statements must be filed within 120 days from fiscal year end
- 4. Quarterly reports may be required depending on your entity type
- 5. Changes in company information must be reported within 30 days
- 6. Use SEC Express for faster and more convenient online filing
- 7. Late filings incur penalties and may affect your company's good standing
- 8. Set up a compliance calendar and file early when possible
SEC Resources
- SEC Website: sec.gov.ph
- SEC Express: secexpress.ph
- SEC Hotline: (02) 8844-0194
- Email: info@sec.gov.ph