RMC No. 54-2026 — Clarification on the Personal Equity Retirement Account (PERA) eligibility of securities covered by the Securities and Exchange Commission (SEC) notice on the Philippine Stock Exchange (PSE) bi-annual rebalancing Digest | Full Text | Annex A | Annex B

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Bringing In Revenues for Nation-Building MAY 26 2026 PILIPINAS BAGONG

REVENUE MEMORANDUM CIRCULAR NO. 0 5 4 - 2 0 2 6

SUBJECT Clarification on the Personal Equity Retirement Account (PERA) Eligibility of Securities Covered by the Securities and Exchange

Bi-Annual Rebalancing Commission (SEC) Notice on the Philippine Stock Exchange (PSE)

TO All Internal Revenue Officers, Employees, and Others Concerned

This Circular supplements Revenue Memorandum Circular (RMC) No. 86-2023 by recognizing the updated composition of securities resulting from the PSE bi-annual index rebalancing, as transmitted by the SEC.

The SEC, through its letter dated 29 January 2026 (Annex "A), informed the Bureau of Internal Revenue (BIR) of the official results of the PSE bi-annual rebalancing of the PSE

pursuant to Section 3 of SEC Memorandum Circular (MC) No. 7, Series of 2022, otherwise known as the Rules on Qualified and/or Eligible PERA Investments. Index (PSEi) and PSE Dividend Yield Index which took effect on 02 February 2026

No. 9505, otherwise known as "PERA Act of 2008", and its Implementing Rules and Regulations, the following clarifications are hereby issued: In view thereof, and for purposes of administering tax incentives under Republic Act

1 Securities included in the updated PSEi and PSE Dividend Yield Index, as certified by

the PSE (Annex B) and transmitted by the SEC, shall be considered qualified and/or

provided under the PERA Act of 2008 and its Implementing Rules and Regulations. SEC MC No. 7, Series of 2022, and existing BIR issuances, including RMC No. 86- 2023: eligible PERA investments, subject to compliance with the requirements and conditions

2 The PERA eligibility of such securities pursuant to the SEC notice, shall be effective

beginning 02 February 2026, unless otherwise provided by law or by subsequent issuances of the SEC or the BIR; and 00000232

SREVENE

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Y MAY iBnaf OficeBIdg., Senator Miriam Defensor-Santiago Avenue, Diliman, Quezon City ADMIN UNIT1 0.S3a Trunkline: 8981-7000 ; 8929-7676 Website: www.bir.gov.ph

3 The tax treatment of income from these securities when held as PERA assets remains exempt from income tax consistent with Sec. 9 of R.A. 9505 and Revenue Regulation No. 17-2011.

but merely supplementing and clarifying the same in light of the SEC notice. Nothing in this Circular shall be construed as amending or revoking existing tax rules.

All internal revenue officials and employees are enjoined to be guided accordingly

CHARLITO MARTIN R. MENDOZA

Commissioner of Internal Revenue

I-2/mos

BUREAUOFINTERNALREVENL ECOROSAA 000 00232 S

MAY 2 6 2026

E WT ADMIN UNIT-1 TIME: jD:S3Am

Clarification on the Personal Equity Retirement Account (PERA) Eligibility of Securities Covered by the Securities Philippine Stock Exchange (PSE) Bi-Annual Rebalancing Revenue Memorandum Circular and Exchange Commission (SEC Notice on the Page 2 of 2