The Central Bank of the Philippines has revised the implementation timeline for the International Transactions Reporting System, setting full implementation for rural and digital banks on 1 July 2027 and for universal, commercial and thrift banks on 1 October 2027. The memorandum supersedes prior communications to banks on the ITRS schedule. Banks must continue submitting FX Form 1 and 1A reports under the existing policy until otherwise advised by the Central Bank of the Philippines.
Central Bank of the Philippines 2026-05-07
Central Bank of the Philippines revises International Transactions Reporting System implementation timeline to July and October 2027
The Central Bank of the Philippines has revised the implementation timeline for the International Transactions Reporting System, setting full implementation for rural and digital banks on 1 July 2027 and for universal, commercial and thrift banks on 1 October 2027. The memorandum supersedes prior communications on the ITRS schedule, and banks must continue submitting FX Form 1 and 1A reports under the existing policy until otherwise advised.