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New Deadline: Filing of Annual Financial Statements 2023

New Deadline: Filing of Annual Financial Statements 2023
PUBLISHED: March 6, 2023

Financial statements are written instruments that convey the business’ activities and their financial performance in a given time-frame. These Financial statements are audited by different government agencies, accountants, firms, and the like to ensure accuracy and correction that will then be used for filing tax, apply financing, and/or investing purposes. Preparations of such documents can be a challenge for some that is why the Securities and Exchange Commission published a new deadline for Filing of Annual Financial Statements 2023.

Filing of Annual Financial Statements 2023

New deadline for the Filing of Annual Financial Statements 2023

In the recently published SEC Memorandum Circular, the SEC addressed all corporations – including all its branches – representative offices, regional headquarters and regional operation headquarters of foreign corporations, which calendar year ended last December 31, 2022 should file their annual financial statement through the SEC eFast (Electronic Filing and Submission Tool with the following deadlines:

New Schedule for Filing of Annual Financial Statements 2023 Last Digits of SEC Registration or License Number Original Schedule for Submission
May 29, 30, 31, June 1, 2 1 and 2 May 2, 3, 4, 5
June 5, 6, 7, 8, 9 3 and 4 May 8, 9, 10, 11, 12
June 13, 14, 15, 16 5 and 6 May 15, 16, 17, 18, 19
June 19, 20, 21, 22, 23 7 and 8 May 22, 23, 24, 25, 26
June 26, 27, 28, 29, 30 9 and 0 May 39, 30 21, June 1, 2

Filing of Annual Financial Statements 2023 Past Due Date

Late filing and submission for the first indicated schedule shall be accepted by June 3, 2023 and shall have penalties which will be computed based on the date of the last day of filing on the first schedule. Late Filing of Annual Financial Statements 2023 was also moved to June 3, 2023 instead of June 5, 2023

Accountants and auditors must have been properly equipped with by Quality Assurance Review in order to produce a more quality financial statements and sound judgements. Filing and complying with government deadlines can be as easy as 1, 2, 3 with QNE! QNE Accounting System can generate real-time reports that are important to companies not just to internal monitoring but also ready for submission to governing bodies. If you are interested in upgrading to a BIR CAS Ready Online Accounting System, take your accounting to a whole new level and unleash the power of AI with QNE Cloud Accounting Software. Create your FREE Cloud Accounting Plan now!

Filing of Annual Financial Statements 2023

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