
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.