RMC No. 94-2026 — Additional Guidelines on the Utilization of the Personal Equity and Retirement Account Tax Credit Certificates

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Bringing In Revenues for Nation-Building PILIPINAS AUG 13. .2026 BAGONG

REVENUE MEMORANDUM CIRCULAR NO.0 9 4^ 2 0 2 6

SUBJECT: Additional Guidelines on the Utilization of the Personal Equity and

Retirement Account Tax Credit Certificates

TO: All Internal Revenue Officials, Employees and Others Concerned

the incentive provisions of Republic Act No. 9505, otherwise known as the "Personal Equity and Retirement Account (PERA) Act of 2008", relative to Revenue Memorandum Circular Personal Equity and Retirement Account (PERA) Tax Credit Certificate (TCC) arising from (RMC) No. 139-2020. This Circular is hereby issued to provide additional guidelines on the utilization of the

For the guidance of all PERA Contributors, PERA Administrators, concerned revenue personnel of the Bureau of Internal Revenue (BIR) and other stakeholders, the following are answers to frequently asked questions to address issues and concerns:

Q1: How much is the equivalent Tax Credit on PERA Contributions?

A1: A contributor shall be entitled to a five percent (5%) tax credit based on the total

qualified amount contributed to PERA in a given year.

Q2: How is a PERA TCC processed, approved and released to PERA Contributor?

A2: The PERA Administrator, on behalf of PERA Contributors, shall submit

electronically the application for PERA TCCs for all PERA Contributors within sixty

for processing and approval of BIR. (60) days from the end of each calendar year to Bangko Sentral ng Pilipinas (BSP) PERA System (PERASys) which is inter-connected real-time to BIR ePERA System,

Once approved, the applied PERA TCC shall be readily available in the BSP PERASys for distribution to the PERA Contributors.

in PDF file to the official email address of the PERA Contributor. TCC physically to the PERA Contributor/authorized representative, or send the same Upon written request for utilization of the PERA Contributor, the PERA Administrator shall, at the option of the requesting PERA Contributor, generate and issue the PERA

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BIR National Office Bldg., Senator Miriam Defensor-Santiago Avenue,DimaQu Trunkline: 8981-7000 ; 8929-7676 Website: www.bir.gov.ph BY: Page 1 TIME: qLS0an

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Q3: Does the PERA TCC expire? AUG 1 3 2026 qg0an

A3: Yes. Pursuant to Revenue Regulations (RR) No. 7-2023, a PERA TCC'has a validity period of five (5) years from the date appearing on the PERA TCC. This provision shall apply to the PERA TCCs issued on or after July 27, 2023, which is the effectivity date of the said RR.

Q4: What will be the basis of the five percent (5%) PERA TCC if there is a change within the year as declared by the PERA Contributor to the PERA in the Contributor Type, from Overseas Filipino to Self- Employed/ Employee. Administrator?

A4: However, the PERA TCC, shall bear the "Self-Employed/ Employee" contributor type valid solely for payment of any income tax liability. If an Overseas Filipino, after having contributed to PERA with the maximum amount of contribution, changed his/her Contributor type within the year, the five percent (5%) tax credit shall be based on the contributions made as an Overseas Filipino.

In the event that the actual change in Contributor type was declared by the PERA Contributor to the PERA Administrator after the approval of the PERA TCC, such amendment shall no longer be considered. The approved PERA TCC shall contain the

certificate shall be applied to as declared by the PERA Contributor and indicated in Contributor type and the restriction prescribing the type of taxes upon which the said

the Annual Report on PERA Contributions submitted by the PERA Administrator on the year the contribution was made.

Q5: Can a PERA contributor request/apply for TCC with an amount less than the available PERA tax credit?

A5: Yes. A PERA Contributor may opt to utilize only a portion of the available PERA

tax credit pursuant to RR No. 2-2022.

Q6: If the issued PERA TCC bears an amount more than the tax due per tax return as a tax credit? of the overseas Filipino/self-employed contributor, can the excess still be applied

A6: applying for a PERA TCC. Any amount of PERA TCC in excess of the tax due per tax return released to overseas Filipino/self-employed contributor shall be forfeited in favor of the government. Hence, the PERA Contributor shall first ensure the total tax due for payment before

Q7: How will the BIR tag the utilized PERA TCC in the system?

AT: The concerned Revenue District Offices (RDOs) shall collate the tax returns and

attachments filed by the qualified PERA Contributors who availed of the PERA TCC

ePERA System to validate authenticity of the PERA TCC. Once validated, the concerned RDOs shall tag the utilized PERA TCC as "CLAIMED" to effect its current status in the BIR ePERA System. under their respective jurisdictions. They shall scan the QR code or access the BIR

Subject: Additional Guidelines on the Utilization of the Personal Equity and Retirement Account Tax Credit Certificate Page 2

In case of a deficiency tax liability due to a wrong computation of taxes or by reason for the illegal use of spurious or invalid TCC. of spurious/invalid PERA TCC, a written notice shall be sent to the concerned PERA Contributors for collection. The Contributor shall also be subject to criminal liability

Q8: period to withdraw, but not yet applied against any tax due? What will happen to the PERA TCC printed and released to the PERA Contributor in case of PERA withdrawal by the latter before the allowable

A8: period, any approved PERA TCCs that have been printed and released to PERA Should the PERA Contributor withdraw or terminate the PERA prior to the allowable Contributor shall be considered to have been utilized by such PERA Contributor for

purposes of computing the early withdrawal penalties, unless proven otherwise.

Q9: Can the unclaimed or unutilized PERA TCCs of a deceased PERA Contributor be applied against the estate tax due on the estate of a decedent PERA Contributor?

A9: No. The unutilized PERA TCC is not transferrable and may not be

awarded/transferred to any person (whether individual or juridical), including, for this purpose, an estate.

may only be credited against his/her income tax liability, while the PERA tax credit The PERA tax credit afforded to an employee or self-employed PERA Contributor

available to an overseas Filipino may be credited against any internal tax revenue tax

Contributor, and not on the decedent PERA Contributor. liability, the estate tax is a liability imposed on the estate of the decedent PERA

Q10: How will an employee/a self-employed/ an overseas Filipino PERA Contributor utilize the approved TCC to file/pay its tax liabilities?

A10: The following filing and payment instructions are hereby provided to guide the PERA Contributor:

PERA Contributor Employee/ Individuals The employer shall apply the amount of the PERA TCC in the Filing & Payment Instructions Submission of Required Attachments

has been correctly whose income tax withheld earning purely compensation annual year-end adjustments for computing the net withholding tax due to the qualified contributor- If the total tax actually withheld and remitted to the BIR is more than the difference between the total tax due and the gross amount of PERA TCC, the excess shall be employee. RECORDS MANAGEMENTDIVISION BUREAU OF INTERNAL REVENUE 0000058 ADMINUNITMGTOGm AUG 1 3 2026 TIME

refunded to the qualified

Subject: Additional Guidelines on the Utilization of the Personal Equity and Retirement Account Tax Credit Certificate Page 3

PERA Contributor Filing & Payment Instructions Submission of Required

Self-employed/ business taxpayers Individual be indicated in the tax return as tax return which states the phrase The amount of the PERA TCC shall corresponding amount in the boxes provided for in the line item of the deduction from the tax due of the PERA Contributor.In particular, the Contributor shall indicate the phrase "5% PERA TCC" and its contributor-employee "Other concerned employer. However, if the gross amount of the PERA TCC exceeds the total tax due, the excess shall be carried over and deducted from the withholding tax of the qualifiedcontributor employee in the next taxable year. : Tax Credits/Payments by.. the Online submission thru under "Other Attachments" pursuant to RMC No. 82- 2020, as amended and as PERA TCC is classified additional attachment to RMC No. 34-2025 Electronic Audited Financial Statements (eAFS) System Attachments

With tax due/payment (i.e., Amount of tax due is greater Use the latest Offline eBIRForms/ eFPS infilling out the return available at BIR website. than Amount of PERA TCC) File the return online and attach (specify)" Tax Return Receipt Confirmation need to have it stamped (FRN) of the Tax Return serve as proof of filing such electronically, there is no Filing Reference Number Receipt Confirmation shall] AITR. Since the AITR will be filed "Received", instead, the

any Authorized Agent Bank (AAB) or thru Electronic Payment (ePay) Gateways received via email as well as copy of the PERA TCC and pay with Landbankof the PhilsLBP

. UnionBank of the Philippines Development Tax Software Provider- Maya Philippine Online Payment Facilities Link.BizPortal and MyEG (UBP) Online/The (DBP) Bank of the PayTax Portal BUREAUOF INTERNAL'REVENUE RECORDS MANAGEMENTCIVISION 00000581 1

AUG 1 3 2026

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Subject: Additional Guidelines on the Utilization of the Personal Equity and Retirement Account Tax Credit Certificate Page 4

PERA Contributor Filing & Payment Instructions Submission of Required Attachments

eBIRForms package by submitting Amount of tax due is equal to File theNO Payment the return online. Without tax due/payment (i.e., Amount of PERA TCC)- electronically thru the. Offline return proper monitoring of payment, the taxpayer shall proof of payment, if availment of PERA submit the copy of PERA TCC together with the printed copy of the electronically filed return and applicable, to any RDO, for incentive In case of returns with no

Overseas (OF) engaged Filipino in The amount of the PERA TCC shall be indicated in the tax return If the OF is engaged in business used as payment to

business business/ OF not engaged in Philippines in the particular, the Contributor shall in the line item of the tax return Credits/ Payments (specify)". the PERA Contributor. In indicate the phrase "5% PERA as deduction from the tax due of amount in the boxes provided for which states the phrase "Other Tax TCC" and its corresponding its income tax liability: submitted on the Online submission thru eAFS] Audited Financial Statements and Other required attachment shall be System. AITR together with the

returns, the equivalent amount of In case of the absence of these line items in other applicable tax indicated under "Part III- Details the 5% PERA TCC shall be of Payment" of the return, more - PERA TCC is under other attachments pursuant to amended, as additional Returns. RMC No. 82-2020, as attachment to Income Tax

DBUREAUOFINTERNAL REVENUE RECORDS MANAGEMENT DIVISION 00000581 With tax due/payment particularly, under line item "Tax Debit Memo/ 5% PERA Tax Use the latest Offline eBIRForms/ available at BIR website. (i.e., Amount of tax due is greater File. the return online and attach Credit Certificate". eFPS in filling out the return than Amount of PERA TCC) received via email as well as copy of the PERA TCC and pay with Tax Return Receipt Confirmation PERA TCC as tax credit to other internal revenue tax. the PERA contributor shall submit the copy of PERA If OF is not engaged in business and availed the - Since the AITR will be serve as proof of filing filed electronically, there is no need to have it stamped "Received", instead, the such AITR. Receipt Confirmation shall FRN of the Tax Return

BY: AUG 1 3 2026 ADMINUNIT 6S0M a TME:qLTO gm any AAB or thru ePay Gateways LBP Link.BizPortal DBP PayTax Online applicable, to any RDO, for TCC together with the printed copy of the electronically filed return and proof of payment, if proper

Subject: Additional Guidelines on the Utilization of the Personal Equity and Retirement Account Tax Credit Certificate Page 5

PERA Contributor Filing & Payment Instructions Submission of Required Attachments

Tax Software Provider- Maya UBP Payment Facilities and MyEG Online/The Portal monitoring of availment of PERA incentive.

File the "NO Payment" return eBIRForms package by submitting TCC)- the return online. Without tax. due/payment (i.e., the amount of tax due is equal to or less than the amount of PERA electronically.thru .theOffline electronically filed return and payment, the taxpayer shall incentive. In case of returns with no submit the copy of PERA TCC together with the printed copy of the proof of payment, if RDO, for proper monitoring of availment of PERA applicable, to the concerned

these Circular shall take effect immediately. All are enjoined to give this Circular a wide publicity as possible. The provisions of

CHARLITO MARTIN R. MENDOZA Commissioner of Internal Revenue

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BUREAU OFINTERNALREVEN 00000581 ECORDS MANAGEMENT DIVISION 3

AUG 1 3 2026

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Subject: Additional Guidelines on the Utilization of the Personal Equity and Retirement Account Tax Credit Certificate Page 6