The Central Bank of the Philippines has revised the rollout timeline for the International Transactions Reporting System (ITRS) for all banks, extending the testing period from June 2025 through May 2026 and setting full implementation for June 2026. The central bank extended the timetable to give banks and the project team more time to address emerging technical and reporting issues before go-live, and the memorandum supersedes prior communications on the ITRS schedule. During the extended testing window, banks may submit test reports through the ITRS sandbox or production portals and are encouraged to continue system setup and testing. FX Form IIA reports must continue to be submitted under the existing policy until the central bank advises otherwise; once the ITRS is fully implemented, banks will be required to submit reports via the ITRS production portal.
Central Bank of the Philippines 2025-05-15
Central Bank of the Philippines extends International Transactions Reporting System testing and shifts full implementation to June 2026
The Central Bank of the Philippines has extended the testing period for the International Transactions Reporting System (ITRS) from June 2025 to May 2026, with full implementation set for June 2026. This extension allows banks and the project team to address technical and reporting issues. Banks are to continue submitting FX Form IIA reports under the current policy until advised otherwise.