Circularizing the Additional List of Personal Equity Retirement Account (PERA) Unit Investment Trust Funds (UITFs) Duly Approved by the Bangko Sentral ng Pilipinas (BSP)

April 12, 2017 REVENUE MEMORANDUM CIRCULAR NO. 030-17 SUBJECT : Circularizing the Additional List of Personal Equity Retirement Account (PERA) Unit Investment Trust Funds (UITFs) Duly Approved by the Bangko Sentral ng Pilipinas (BSP) TO : All Internal Revenue Officers and Others Concerned Under Rule 11 of the Rules and Regulations Implementing Republic Act No. 9505, otherwise known as the Personal Equity Retirement Account (PERA) Act of 2008, and Section 9 of Revenue Regulations (RR) No. 17-2011, all income earned from the investments and re-investments of PERA assets in PERA investment products shall be exempt from income taxes provided the said PERA investment products have been duly accredited by the concerned Regulatory Authority. aScITE To supplement the list contained in Revenue Memorandum Circular (RMC) No. 131-2016 dated December 13, 2016, the following are additional PERA Unit Investment Trust Funds (UITFs)/investment products duly approved/accredited by the Bangko Sentral ng Pilipinas (BSP), as confirmed by the latter in its letter 1 dated April 7, 2017, to wit: No. Name of Bank Name of Fund Sub-Type Detailed Type of Fund Denomination Date of BSP Approval 1. Metropolitan Bank and Trust Company Metrobank PERA Money Market Fund Money Market PERA-Money Market Peso 3/28/2017 2. Metropolitan Bank and Trust Company Metrobank PERA Bond Fund Bond PERA-Bond Peso 3/28/2017 3. Metropolitan Bank and Trust Company Metrobank PERA Equity Fund Equity PERA-Equity Peso 3/28/2017 It is emphasized that only income earned from the investments and re-investments of PERA assets in the above-enumerated PERA investment products shall be exempt from income taxes under Rule 11 of the Rules and Regulations Implementing the PERA Act of 2008, and Section 9 of RR No. 17-2011. Moreover, income from investments and re-investments of PERA assets in government securities is likewise exempt from income taxes under the said provisions. All concerned are hereby enjoined to be guided accordingly and give this circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ANNEX A BANGKO SENTRAL NG PILIPINAS OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR April 7, 2017 ATTY. MARISSA O. CABREROS Director III/Assistant Commissioner Bureau of Internal Revenue (BIR) BIR National Office Building Agham Road, Diliman, Quezon City Dear Atty. Cabreros: We are pleased to provide you with the list of newly approved, PERA Unit Investment Trust Funds (UITFs) namely : H EITAD Name of Bank Name of Fund Sub-Type Detailed Type of Fund Denomination Date of BSP Approval Metropolitan Bank and Trust Company Metrobank PERA Money Market Fund Money Market PERA-Money Market Peso 3/28/2017 Metrobank PERA Bond Fund Bond PERA-Bond Peso 3/28/2017 Metrobank PERA Equity Fund Equity PERA-Equity Peso 3/28/2017 As agreed with BSP representatives present at the meeting held at the BIR offices on 23 November 2016, the BSP shall provide the BIR with names and relevant details of BSP-approved/accredited PERA investment products as and when they are approved/accredited. We look forward to the BIR's issuance of a Revenue Memorandum Circular confirming the tax exempt status of the aforementioned BSP-approved PERA UITFs . Very truly yours, (SGD.) NESTOR A. ESPENILLA, JR. Deputy Governor Footnotes 1. Attached hereto as Annex "A".