REVENUE REGULATIONS NO. 2-2022 issued on April 5, 2022 prescribes additional guidelines
for implementing the tax provisions of the Personal Equity and Retirement Account (PERA) Act of
2008 effectively amending pertinent provisions of Revenue Regulations (RR) No. 17-2011 and
revising the provisions of RR No. 6-2021.
The following reports shall be submitted by the PERA Administrators through the PERASys
administered by the Bangko Sentral ng Pilipinas and forwarded to the Bureau of Internal Revenue,
for approval of the PERA Processing Office, through the ePERA System:
Name of Report Due Date of Submission Format
1 Quarterly Report on PERA
Contributions
Not later than the fifteenth (15th) day
following the close of every quarter
Annex “A”
2 Quarterly Report on PERA
Distributions/Early Withdrawals/
Terminations
Within sixty (60) days following the end of
the quarter of the date of termination or
withdrawal
Annex “B”
3 Annual Report on PERA
Contributions
Within sixty (60) days from the close of
the calendar year
Annex “C”
4 Annual Report on PERA
Distributions/Early Withdrawals/
Terminations
Within sixty (60) days from the close of
the calendar year
Annex “D”
The PERA-Tax Credit Certificate (PERA-TCC) refers to the document evidencing the
amount of tax credit equivalent to five percent (5%) of the total amount of qualified PERA
contributions made in a year. The application for PERA-TCC shall be filed online thru the PERASys
by the PERA Administrator within sixty days (60) days from the close of the calendar year. The
application shall be processed by the PERA-Processing Office and recommended for issuance of the
corresponding PERA-TCC using the format in Annex “E” of the Regulations. Once approved, the
PERA-TCC shall be generated through the facilities of the ePERA System.
The generated PERA-TCC shall be readily accessible at the PERASys by the PERA
Administrator, for issuance to their respective contributors upon request for utilization. In case of
partial utilization, the serial number of the PERA-TCC to be printed shall have a suffix after the
original generated serial number. It shall either be printed by the PERA Administrator and issued
physically to the contributor or to his/her authorized representative, or sent in PDF file to the official
email of the contributor, for the latter to print.
The PERA-TCC shall be used only for the payment of Income Tax liabilities of qualified
employee and self-employed contributors, while for qualified overseas Filipino contributor, the
PERA-TCC can be used in the payment of any internal revenue taxes. In both cases, the PERA-TCC
shall reflect such demarcations.
In the case of an employee contributor, the PERA-TCC shall be submitted to the employer
to apply the gross amount of the PERA-TCC in the annual year-end adjustments for computing the
net withholding tax due of the contributor-employee.
For Self-employed and Overseas Filipino contributors, if utilized for payment, the PERATCC shall be surrendered and attached to the applicable tax returns. The duly received copies of the
tax returns, together with copy/ies of the PERA-TCC and the other prescribed attachments, shall be
submitted to the concerned Revenue District Office (RDO) pursuant to the existing revenue
guidelines and procedures.
The penalties of five percent (5%) and twenty percent (20%) for early withdrawal of
qualified contribution prescribed under RR No. 10-2016 shall be deducted by the PERA
Administrator from the PERA account to be withdrawn. It shall be remitted through online filing and
payment facilities according to the provisions of a revenue issuance to be issued for this purpose.
It is emphasized that Early Withdrawal, as defined in RR No. 17-2011 Section 2(d) is the
“withdrawal of PERA Assets, whether in full or in part, in such manner and at such time as to make
the receipt of such PERA assets not a Qualified PERA Distribution”. Any premature termination shall
be treated as an early withdrawal under Section 11 of Republic Act No. 9505. RR NO. 6-2021 was
repealed accordingly.