RMC No. 30-2017 — Circularizes the additional list of Personal Equity Retirement Account (PERA) Unit Investment Trust Funds (UITFs) duly approved by the Bangko Sentral ng Pilipinas Digest | Full Text | Annex

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE April 12, 2017 REVENUE MEMORANDUM CIRCULAR NO. 30-2017 SUBJECT: Circularizing the Additional List of Personal Equity Retirement Account (PERA) Unit TO: Investment Trust Funds (UITFs) Duly Approved by the Bangko Sentral ng Pilipinas (BSP). All Internal Revenue Officers and Others Concerned Under Rule 11 of the Rules and Regulations Implementing Republic Act No. 9505, otherwise known as the Personal Equity Retirement Account (PERA) Act of 2008, and Section 9 of Revenue Regulations (RR) No. 17-2011, all income earned from the investments and re- investments of PERA assets in PERA investment products shall be exempt from income taxes provided the said PERA investment products have been duly accredited by the concerned Regulatory Authority. To supplement the list contained in Revenue Memorandum Circular (RMC) No. 131-2016 dated December 13, 2016, the following are additional PERA Unit Investment Trust Funds (UITFs)/investment products duly approved/accredited by the Bangko Sentral ng Pilipinas (BSP), as confirmed by the latter in its letter1 dated April 7, 2017, to wit: No Name of Bank Name of Fund Sub- Detailed Denomina- Date of . Type Type of Fund tion BSP Approval 1. Metropolitan Metrobank PERA Money PERA-Money Peso 3/28/2017 Bank and Trust Money Market Market Market Company Fund 2. Metropolitan Metrobank PERA Bond PERA-Bond Peso 3/28/2017 Bank and Trust Bond Fund Company 3. Metropolitan Metrobank PERA Equity PERA-Equity Peso 3/28/2017 Bank and Trust Equity Fund Company 1 Attached hereto as Annex "A".

It is emphasized that only income earned from the investments and re-investments of PERA assets in the above-enumerated PERA investment products shall be exempt from income taxes under Rule 11 of the Rules and Regulations Implementing the PERA Act of 2008, and Section 9 of RR No. 17-2011. Moreover, income from investments and re-investments of PERA assets in government securities is likewise exempt from income taxes under the said provisions. All concerned are hereby enjoined to be guided accordingly and give this circular as wide a publicity as possible. (Original Signed) CAESAR R. DULAY Commissioner of Internal Revenue K