Teodoro Santamaria and Co.

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Teodoro Santamaria and Co. A Firm of Certified Public Accountants providing professional services on General Accounting, Auditing, Taxation, Business Consulting and Outsourcing.

We are Hiring, interested applicants may send there CV/RESUME TOR @ tscocpas@gmail.com
14/08/2026

We are Hiring, interested applicants may send there CV/RESUME TOR @ [email protected]

14/05/2026

๐Ÿ“ฃ RMC 31-2026

14/05/2026

โณ LAST DAY TO FILE!

Today is the last day to file and pay your 2025 Annual Income Tax Return.

14/05/2026

๐Ÿ“ฃ ๐—ฆ๐—˜๐—– ๐˜€๐˜‚๐˜€๐—ฝ๐—ฒ๐—ป๐—ฑ๐˜€ ๐—บ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐—ฝ๐—ฒ๐—ป๐—ฎ๐—น๐˜๐—ถ๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—น๐—ฎ๐˜๐—ฒ, ๐—ป๐—ผ๐—ป-๐—ณ๐—ถ๐—น๐—ถ๐—ป๐—ด ๐—ผ๐—ณ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜๐˜€

The Securities and Exchange Commission (SEC) is suspending until December 31, 2026 the imposition of monthly penalties in the late or non-filing of reportorial requirements, as it seeks to reduce transaction costs and promote the ease of doing business.

In its meeting on May 5, the Commission En Banc approved the suspension of penalties imposed for every month of delay for the late or non-filing of reportorial requirements, as provided under SEC Memorandum Circular No. 6, Series of 2024 (MC 6).

โ€œAs we celebrate the Ease of Doing Business month this May, the SEC reaffirms its commitment to foster a robust and responsive business environment,โ€ SEC Chairperson Francis Lim said.

โ€œBy suspending the compounding monthly penalties, we are providing corporations an opportunity to get back their good standing without the burden of mounting transaction costs, as part of our goal of pushing corporations toward full compliance and sustainable growth,โ€ he added.

The suspension will apply to corporations with pending monitoring applications. Corporations that have received final assessments but have not yet settled payment will be issued updated assessments excluding the per month of delay components.

Read the full memorandum circular here: https://www.sec.gov.ph/mc-2026/sec-mc-no-16-series-of-2026suspension-of-the-per-month-of-delay-penalty-for-late-and-non-filing-of-reportorial-requirements-under-sec-memorandum-circular-no-6-series-of-2024/

Read the full press release here: https://www.sec.gov.ph/pr-2026/sec-suspends-monthly-penalties-for-late-non-filing-of-reports/

Address

Cityland 10 Tower 1, 156 H. V. Dela Costa Street
Makati
1226

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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