RR No. 2-2022 — Prescribes additional guidelines for implementing the tax provisions of the PERA Act of 2008 effectively amending pertinent provisions of RR No. 17-2011 and revising the provisions of RR No. 6-2021 (Published in Manila Times on April 7, 2022) Digest | Full Text | Annex A-D | Annex E

BUREAU OF llvTf nnLaL r!:<t\/iilVtll: In\ ]-N-f' J-1.,-:-u-.-r i I ,-,llit it IfA}M Illiiilt\'t(u\/ llEllafr:lfVit-'oii-rr-Di f;j,f,nr'i'i;?r'l REPUBLIC OF THE PHILIPPINES lt\\ DEPARTMENT OF FINANCE RECORDS MGT. DIVvrstoN BUREAU OF INTERNAL REVENUE Quezon City tg Apn 2rl:i2 REVENUI REGULATIONS NO. {, - &613, SUBJECT : Prescribing the Additional Guidelines for Implementing the Tax Provisions of the PERA Act of 2008 Effectively Amending Pertinent Provisions of Revenue Regulations (RR) No. 17-2011 and Revising the Provisions of Revenue Regulations No. 6-2021 TO All lnternal Revenue Officers and Others Concerned SECTION 1. SCOPE. - Pursuantto Section 244 of the National Internal Revenue Code of 1997, as amended, these Regulations are hereby issued to prescribe the additional guidelines for irnplernenting the tax provisions of RepLrblic Act (RA) No. 9505, otherwise known as the o'Personal Equity and Retirenrent Accourtt (PERA) Acl of 2008" effectively amending the pertinent provisions of Revenue Regulations (RR) Nos. 17-2011 and revising RR No 6-2021. SECTION 2. SUBMISSION OF RBPORTS BY PERA ADMINISTRATORS. - The following repofts shall be subrnitted by the PERA Administrators through the PERASys administered by the Bangko Sentral ng Pilipinas (BSP) and forwarded to the Bureau of Internal Revenne, for approval of the PERA Processing Olfice. through the ePERA system: Nanre of Rerrort Due Date of Submission Format I Quar-terly Report on PERA Not later than the fifteenth (15th) day Annex "A" Contributions follorving the close of every quarter 2 Quarterly Reporl on PERA Within sixty (60) days following the end Annex "B" Distributions/ Early Withdrawals/ of the quarter of the date of terrnination or 'l'enninations withdrawal 3 Annual Reporl on PERA Contributions Within sixty days (60) days from the Annex "C" close olthe calendar year 1 Annual Report irn FE,RA Within sixt1, days (60) days from the Annex "D" DistribLrtionsi [-arl 1 \,\'ithdrar,vals/ close olthe calendar year T'erminations SICTION 3. APPLICATION AND ISSUANCE OF PBRA-TCC, - The PERA-Tax Credit Certificate (PERA-'lC'C) refers to the document evidencing the arnount of tax credit equivalent to five percent (5%) of the total amount of qualified PERA contributions made in a year. The application for PERA-TCC shall be filed online thru the PERASys by the PERA Administrator rvithin sixty days (60) days from the close of 1he calendar year. The application shall be processed by the PERA-Processing Office and recommended for issuance of the corresponding PERA-TCC using the format in Annex "Ei of these Regulations. Once appror,'ed. the PERA-TCC shall be generated through the facilities of the ePERA System. The getteratcd PI:RA-TCC shall be readill' accessible at the PERASys by, the PERA Adrninistrator. lbr issuance to their respectile contributors upon request fbr utilizatiou. In case of partial utilization, the serial number of the PIIRA-TCC to be printed shall har,e a su1fix after tire original generated serial ttuntber. It shall either be printed by the PERA Administrator and issued physically to the contributor or to his/her authorized representatir,e. or seltt in PDF flle to the official ernail of the contr-ibutor, for tlrc hner to prirrt. {

SECT'ION 1. UTILIZATION OF PER.A-TCC. - The PERA-TCC shall be used only for the paylnent of irrcome tax liabilities of qualified employee and self-employed contributors, while for qualified overseas Filipino contributor, the PERA-TCC can be used in the payment of any internal revenue taxes. In both cases. the PERA-TCC shall reflect such demarcations. In the case of an ernployee contributor, the PERA-TCC shall be submittedto the employerto apply the gross amount of the PERA-TCC in the annual year-end adjustments for computing the net withholding tar due of the contributor-employee. For Self-employed and Overseas Filipino contributors, if utilized for payment, the PERA TCC shall oe surrendered and attached to the applicable tax returns. The duly received copies of the tax returns, togetlrer with copy/ies of the PERA TCC and the other prescribed attachments, shall be submitted to the concerned Revenue District Office (RDO) pursuant to the existing revenue guidelines and procedures. SECT'ION 5. REMITTANCE OF PENALTIES ON EARLY WITHDRAWAL OF PERlt.- The 1:enalties of five percent (5%) and twenty percent (20%) for early withdrawal of qualified contribution prescribed under RR No. l0-2016 shall be deducted by the PERA Administrator from the PERA. accour.t to be withdrawn. It shall be remitted through online filing and payment facilities according to the provisions ofa revenue issuance to be issued for this purpose. It is crnphasized that Early Withdrawal, as defined in RR No. 17-2011 Section 2(d) is the "vrithdrarval of PERA Assets, whether in full or in part, in such manner and at such time as to make the re,;eipt of such PERA assets not a Qualified PERA Distribution". Any premature termination shall be trerrted as an early withdrawal under Section I I of RA No. 9505. SECI'ION 6. REPEALING CLdUSE.- RR No. 6-2021 is hereby repealed accordingly. SEC'I'ION 7. EFFECTMTY. - These Regulations shall take effect fifteen (15) days follovring its 6 ublication in the Official Gazetle or in a newspaper of general circulation. Recornmendi r g Approval : RLOS G. DOMINC Secretary of Finance Itnit Z 5 nLZ Jrr5o^q'"", CAESA.R R. DULAY r 050 Comrnissioner of Internal Revenuetr.,17 iJ REAU OF II']TE Etv11P IN-AV ititiLtii' I :D RECOROS MGT. DIVIS )N i.;') a:87