Business
Philippines — Business: Annual Compliance
Philippine businesses with foreign employees must keep valid Alien Employment Permits, and foreign residents file annual reports with the Bureau of Immigration.
VerifiedGovernment / official sourceBureau of Internal Revenue / DOLE / Bureau of Immigration — annual obligationsLast reviewed: 2026-10-23
Why this matters
Businesses in the Philippines must comply with annual regulations to avoid penalties, maintain a good business reputation, and ensure continuous operations.
Key facts
- DOLE Department Order 248 limits an AEP to a maximum of three years, so permits must be renewed.
- The Bureau of Immigration publishes annual report guidelines for foreign nationals holding visas, with a December 2023 issuance for the 2024 report.
- The 8% income tax option for self-employed individuals is elected each year under BIR RMO 23-2018.
- Confirm each filing deadline with the BIR, DOLE and BI.
Steps
- Step 1: Determine Annual Compliance Requirements — Businesses must identify the relevant government agencies and regulations that apply to their specific type of business and industry. This may involve consulting with a lawyer or accountant to ensure compliance with all applicable laws and regulations.
- Step 2: File Annual Reports and Financial Statements — Businesses must file annual reports and financial statements with the SEC, which may require the assistance of a lawyer or accountant to ensure accuracy and completeness.
- Step 3: Renew Business Registration and Pay Fees — Businesses must renew their business registration through the PBR and DTI, which may involve paying fees and submitting required documents.