RMC No. 25-2021 — Circularizes the additional Personal Equity Retirement Account (PERA) Unit Investment Trust Fund (UITF) duly approved by the Bangko Sentral ng Pilipinas Digest | Full Text | Letter of Approval

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAT REVENUE SUBJECT: 10- l.0zl REVENUE MEMORANDUM CIRCU LAR NO. TO: Circularizing the Additional Personal Equity Retirement Account (PERA) Unit lnvestment Trust Fund (UITF) Duly Approved by the Bangko Sentral ng Pilipinas All lnternal Revenue Officers and Others Concerned Under Rule 1 of the Rules and Regulations lmplementing Republic Act No. 9505, otherwise known as the Personal Equity Retirement Account (PERA) Act 2008, and Section 9 of Revenue Regulations (RR) No. L7-2OLL, 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, 20L6 and RMC No. 30-2077 dated April 12,20L7, hereunder is an additional PERA Unit lnvestment Trust Fund (UITF)/ investment product duly approved/accredited by the Bangko Sentral ng Pilipinas (BSP), as confirmed by the latter in its letterl dated Janua ry 22,202L, to wit: Name of Narne of Sub- Detailed Denomination Date of BSP Bank Fund Type Type of Approval Fund Philippine PNB PERA Bond Medium Philippine January 2L, Nationa I Bond Fund Term PERA Peso 202L Ba nk Bond Fund It is emphasized that only income earned from the investments and re-investments of PERA assets in duly accredited/approved PERA investment products shall be exempt from income Taxes under Rule 11 of the Rules and Regulations lmplementing the PERA Act 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. tsUREAU OF IN' fERN AL Rb VtNTJE trq^h ffill) Iill M\TE-ifUfi).l:2r6-!*1s11rrniNt-N CAESAR R. DUTAY t-2 JJ.\I[TUT--T Commissioner of lnternal Revenue 040634 RECOR{'I S! irU f. Dtv tStoN 1 Attached hereto as Annex A