Tax Resources PH icon

TAX RESOURCES PH

Tax resources for Filipinos

RMC No. 131-2016: Circularizes the list of Personal Equity Retirement Account (PERA) Unit Investment Trust Funds duly approved by the Bangko Sentral ng Pilipinas

Files
Download this file

Summary

RMC No. 131-2016 circularizes the list of Personal Equity Retirement Account (PERA) Unit Investment Trust Funds (UITFs) duly approved by the Bangko Sentral ng Pilipinas (BSP).

CollapseExpand

Key points

  1. Income tax exemption. All income earned from investing and re-investing PERA assets in PERA investment products is exempt from Income Taxes. The products must be duly accredited by the concerned Regulatory Authority.
  2. Only listed products qualify. Only income from PERA assets placed in the PERA UITFs and investment products specified in the Circular is exempt under Rule 11 of the PERA Act of 2008 implementing rules and Section 9 of Revenue Regulations No. 17-2011.
  3. Government securities. Income from investing and re-investing PERA assets in government securities is also exempt under the same provisions.

Who is affected

  • PERA contributors investing in approved PERA UITFs and investment products

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (7)

Cites, Cited by CollapseExpand
CitesRR No. 17-2011
Cited byRMC No. 111-2026RMC No. 25-2021RMC No. 3-2026RMC No. 30-2017RMC No. 74-2026RMO No. 06-2018

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.