BIR Revenue Regulations No. 23-2018 (21 November 2018)

RR 17-2011

RR 23-2018

Section 4. Establishment of a PERA- a contributor must comply with the following requirements in establishing a PERA:

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(5) Submission of proof of income earnings for the year or to be earned for the year when the PERA contribution was made.

Section 4. Establishment of a PERA- a contributor must comply with the following requirements in establishing a PERA:

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(5) Submission of proof of source of funds for the year or to be earned for the year when the PERA contribution was made.

Section 10. PERA Distributions and Early Withdrawals-

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B. Early Withdrawal

The following shall not be subject to the early withdrawal penalty:

1. Immediate transfer of proceeds to another qualified/eligible PERA investment product and/or another administrator, who have been disaccredited either by the BIR or the concerned regulatory agency, within two (2) working days from the withdrawal thereof;

2.

3.

Section 10. PERA Distributions and Early Withdrawals-

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B. Early Withdrawal

The following shall not be subject to the early withdrawal penalty:

1. Transfer of PERA assets to another qualified/eligible PERA Investment product and/or another administrator within fifteen (15) calendar days from the withdrawal thereof.

2.

3.

4. Deduction of fees of the administrator, custodian and product provider (subsequent to account opening) from PERA assets, provided that such deduction is made with the consent of the contributor.