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)

Key points

1. Listed products. Annexes A to G cover Government Securities, BSP Bills, corporate bonds with an investible rating, bank-issued corporate bonds complying with BSP requirements, REIT shares, PSE Dividend Yield Index Securities (as of February 2023), and PSEi constituents certified by PSE on 01 February 2023 as meeting the PERA requisites.
2. Income tax exemption. Only income from investing and re-investing PERA assets in duly accredited or approved PERA investment products is exempt from Income Taxes. This follows Rule 11 of the PERA Act 2008 rules and Section 9 of RR No. 17-2011, as amended.
3. Government securities. Income from investments and re-investments of PERA assets in government securities is likewise exempt under the same provisions.

Who is affected

• PERA contributors and investors in PERA products