RMC No. 86-2023

RMC No. 86-2023 (issued August 22, 2023) circularizes the list of qualified Personal Equity and Retirement Account (PERA) eligible products approved by the SEC, organized into Annexes A–G: government securities (e.g., Treasury Bills and Bonds), BSP-issued bills, rated corporate bonds, bank-issued corporate bonds compliant with BSP requirements, REIT shares, PSE Dividend Yield Index securities, and PSEi constituents meeting PERA requisites. Only income from investments and re-investments of PERA assets in duly accredited/approved PERA investment products is exempt from income tax under Rule 11 of the implementing rules of the PERA Act 2008 and Section 9 of RR No. 17-2011, as amended; income from PERA investments in government securities is likewise exempt under the same provisions.