REVENUE MEMORANDUM CIRCULAR NO. 86-2023 issued on August 22, 2023 circularizes the List of Qualified Personal Equity and Retirement Account (PERA) eligible products duly approved by the Securities and Exchange Commission (SEC), to wit:

           Annex A – Government Securities (e.g., Treasury Bills and Treasury Bonds)
           Annex B – Securities issued by the Bangko Sentral ng Pilipinas (BSP) Bills
           Annex C – Corporate Bonds with an investible rating issued by an accredited
                            Credit Rating Agency (e.g., Non-bank Issued Corporate Securities –
                            Commercial Papers and Enrolled Securities – Corporate Bonds)
           Annex D – Corporate Bonds issued by Banks in compliance with the requirements
                            of the BSP (e.g., LTNCTD, TIER2, Bank Bonds, Digital Bond)
           Annex E – REIT Shares
           Annex F – PSE Dividend Yield Index Securities (as of February 2023)
           Annex G – PSEi constituents/shares that are compliant with the PERA requisites
                            of being non-speculative, readily marketable and with a track record of
                            regular income payment to investors (as certified by PSE on 01
                            February 2023)

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