16/04/2025
Corporations
All corporations are required to submit their Audited Financial Statements (AFS) and Income Tax Return (ITR) through the BIR’s Electronic Audited Financial Statement (eAFS) platform, regardless of whether they have tax due or not.
Single Proprietors
Only single proprietors with gross annual sales or receipts exceeding ₱3 million are required to file an AFS, and consequently, must submit through the eAFS platform. Those below this threshold are not required to file an AFS and are not obligated to use the eAFS system.
For detailed guidance, refer to the official BIR documents:
RMC No. 34-2025 and Annex C available at
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