The Philippine Securities and Exchange Commission and the Bureau of Internal Revenue have signed a memorandum of understanding to strengthen regulatory coordination, harmonize policies and improve governance of the corporate information used by both agencies. The framework is intended to simplify overlapping compliance processes and improve public services. A central initiative is a proposed Unified Audited Financial Statements Submission Portal that would give corporations a single point for filing audited financial statements and securely transmit the documents to both agencies’ systems. Implementation will require a separate memorandum of agreement. The portal is expected to reduce duplicate submissions and provide more consistent and traceable financial information.
2026-08-07Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission strengthens coordination with tax authority, proposes unified financial statements portal
The Philippine Securities and Exchange Commission and the Bureau of Internal Revenue have formalized closer coordination on corporate information and compliance processes. They propose a unified portal through which corporations could submit audited financial statements to both agencies, subject to a separate agreement.