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8box Solutions Inc.

4_20230710_150500_0001

Contact Number: 09369340340
Email: sales@8box.solutions

REVENUE MEMORANDUM CIRCULAR NO. 25-2021 issued on February 24, 2021 circularizes the additional Personal Equity Retirement Account (PERA) Unit Investment Trust Fund (UITF) duly approved by the Bangko Sentral ng Pilipinas, to wit:

 

Name of <BR> Bank Name of <BR>Fund Sub- <BR>Type Detailed Type <BR> of Fund Denomination Date of BSP Approval
Philippine
National Bank
PNB PERA
Bon Fund
Bond Medium Term
PERA Bond
Fund
Philippine Peso January 21,
2021

     Under Rule 11 of the Rules and Regulations Implementing the PERA Act 2008 and Section 9 of Revenue Regulations No. 17-2011, only income earned from the investments and reinvestments of PERA assets in duly accredited/approved PERA investment products shall be exempt from Income Taxes. Moreover, income from investments and re-investments of PERA assets in government securities is likewise exempt from Income Taxes under the said provisions.