Philippines Compliance Guide
Filing requirements, deadlines, and fees for Philippines business entities.
Filing Obligations
General Information Sheet (GIS)
AnnualPhilippine corporations must file a General Information Sheet with the SEC after each annual stockholders' meeting, confirming details of directors, officers, stockholders, and the financial profile.
Within 30 days after the annual stockholders' meeting (or anniversary of registration for OPC)
No filing fee
PHP 2,000–10,000 fine for late filing. SEC may suspend or revoke the certificate of registration.
Online via the SEC eFAST system
Annual Financial Statements / Audited FS
AnnualPhilippine corporations must file audited financial statements with the SEC within 120 days of FYE. Companies with total assets or liabilities of PHP 600,000 or more must have their accounts audited by an independent CPA.
Within 120 days of FYE (by 30 April for December FYE) for SEC. BIR deadline: 15 April for income tax return.
Filing fee based on total assets/revenue
PHP 2,000–10,000 penalty from SEC. BIR penalties for late tax filing.
Online via SEC eFAST (financial statements); BIR eFPS (tax return)
Annual Income Tax Return (BIR Form 1702)
AnnualThe Philippines levies corporate income tax at 25% (reduced from 30% under the CREATE Act). Domestic corporations with net taxable income not exceeding PHP 5 million and total assets not exceeding PHP 100 million (excluding land) pay 20%.
15 April following the calendar year (or 15th day of the 4th month after FYE)
No filing fee
25% surcharge + 12% annual interest on unpaid tax. Compromise penalty per BIR schedule.
Electronic filing via the BIR eFPS or eBIR Forms
VAT Return (BIR Form 2550Q)
QuarterlyThe Philippines levies VAT at 12%. Registration is mandatory for businesses with annual gross sales or receipts exceeding PHP 3 million.
25th day of the month following the end of each quarter
No filing fee
25% surcharge + 12% annual interest.
Electronic filing via the BIR eFPS
Key Dates
Frequently Asked Questions
What is the Philippines' corporate tax rate?
The standard rate is 25% (20% for small corporations with net taxable income ≤ PHP 5 million and total assets ≤ PHP 100 million). The CREATE Act reduced the rate from 30% effective July 2020.
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Get Started FreeLast updated: 2026-02-27. Information is provided for general guidance and may not reflect the most recent changes. Always verify with the official state registrar.