Schedule of Filing and Submission of Annual Income Tax Returns

ParticularsIndividualsCorporations
Partnerships
Cooperatives
BIR Forms1701
1701A
1702RT
1702EX
1702MX
Date of Filing and Payment15-Apr-2115-Apr-21
Mode of Filing the ReturnseBIRForms
EFPS
eBIRForms
EFPS
Mode of Paying Income Tax DueOTC thru AAB/
ePAY EFPS
OTC thru AAB/
ePAY EFPS
Mode of Submission of Required AFSOTC thru AAB/
eAFS
OTC thru AAB/
eAFS

Schedule of AFS Submission to the Securities and Exchange Commission

All corporations with fiscal year ending December 31, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, shall enroll and file their AFS through the SEC Online Submission Tool depending on the last numerical digit of their SEC registration or license number in accordance with the following schedule:

SEC License Number EndingDue Dates
1June 1 to 30
2July 1 to 31
3 & 4August 1 to 31
5 & 6September 1 to 30
7 & 8October 1 to 31
9 & 0October 1 to 31

Basic Set of Financial Statements to be Submitted to BIR and SEC

ParticularsBIRSEC
Annual Income Tax Return (ITR)YesNo
SEC Cover Sheet for AFSNoYes
Audit Report [Treasurer’s Cert.)YesYes
SMR for ITRYesYes
SMR for Financial StatementsYesYes
Basic Set of Financial StatementsYesYes

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Author

  • Greg V. Aquino is a Certified Public Accountant engaged in Public Practice since the year 2010. He is the managing partner of Clemente Aquino & Co., CPAs since the year 2013. Sector experience includes food & franchise company; real estate; distributorship; gasoline dealership; PEZA companies; BPOs; and non-profit organizations. He can handle individual tax planning; corporate tax planning; estate planning; transfers of real and personal properties; setup of a corporation, partnership, one-person corporation, and sole proprietorships; local government taxation; corporate housekeeping; resident agent services; corporate secretariat; fs preparation or compilation; fs reconstruction; fs audit; internal audit; and others.

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