RMC No. 86-2023 — Circularizes the List of Qualified Personal Equity and Retirement Account (PERA) eligible products duly approved by the Securities and Exchange Commission (SEC) Digest | Full Text | Annex A | Annex B | Annex C | Annex D | Annex E | Annex F | Annex G | Attachment

REPUBLIC OF THE PHILIPPINES

REVENUE MEMORANDUM CIRCULAR NO. 86~ 20 2.3 BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE 7 7 AUG 2023

SUBJECT: (PERA) Eligible Products Duly Approved by the Securities and Exchange Circularizing the List of Qualified Personal Equity and Retirement Account Commission

TO: All Internal Revenue Officers and Others Concerned

by the said Act is tax exempt, provided the said PERA investment products have been duly approved by Retirement Account (PERA) Act of 2008 and its implementing Revenue Regulations (RR) No. 17-2011 as amended, all income earned from the investments and reinvestments of the maximum amount allowed the concerned Regulatory Authority. Under Section 9 of Republic Act No. 9505, otherwise known as the Personal Equity and

Commission (SEC) as confirmed in its letter dated February 21, 2023 together with its detailed Annexes which are composed of the following: Attached are the Lists of PERA Eligibie Products duly approved by the Securities and Exchange

Annex C- Corporate Bonds with an investible rating issued by an accredited Credit Rating Agency Annex G- PSEi constituents/shares that are compliant with the PERA requisites of being non Annex F-PSE Dividend Yield Index Securities (as of February 2023) Annex B- Securities issued by the Bangko Sentral ng Pilipinas (BSP) Bills Annex E- REIT Shares Annex D- Annex A- Government Securities (e.g., Treasury Bills and Treasury Bonds) Corporate Bonds issued by Banks in compliance with the requirements of the BSP (e.g. LTNCTD, TIER2, Bank Bonds, Digital Bond) specuiative, readily marketable and with a track record of regular income payment to investors (as certified by PSE on 01 February 2023) (e.g., Non-bank Issued Corporate Securities- Commercial Papers. and Enrolled Securities- Corporate Bonds)

on its PERA microsite. The above lists are already posted and published in the SEC Website at https://www.sec.gov.ph

securities is likewise exempt from income taxes under the said provisions. as amended. Moreover, income from investments and re-investments of PERA assets in government Rule 11 of the Rules and Regulations Implementing the PERA Act 2008 and Section 9 of RR No. 17-2011. assets in duly accredited/approved PERA investment products shall be exempt from income taxes under It is emphasized that only income earned from the investments and re-investments of PERA

a publicity as possible. All concerned are hereby enjoined to be guided accordingly and give this circular as wide

I-2/mos Commissioner of Internal Revenue ROMEO D. LUMAGUI JR. By:

BUREAU OF TNTERNALREVENUE tiYm AUG 2 2 2023 ROO9 930 p JUf (per RDAO No./3323 OIC-Deputy Commissioner Date of Signing: ex/2/2023 MARIDUR V. ROSARIO Operations Group Officer-in-Charge 00000049

RECORDS MGT. DIVISION