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    Date: 2020-02-05 13:46:25.981228

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    Date: 2020-02-05 16:17:14.839030

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    Date: 2020-08-31 11:30:56.708251

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Tax Implications of Contributions to Personal Equity and Retirement Account (PERA)

Requested from DOF by A. Magtoto at 01:46 PM on Feb 05, 2020.
Purpose: Personal Finance
Date of Coverage: 02/05/2020 - 02/05/2020
Tracking no: #DOF-712924704249

Magtoto 01:46 PM, Feb 05, 2020 

Hi,

I am planning to open a Personal Equity and Retirement Account (PERA). I need to confirm the following:

1. If my employer will make the contributions to my PERA on my behalf, will the contributions form part of my taxable income?

2. Is there already a mechanism on the 5% tax credit?

Thank you.

Reyes 04:17 PM, Feb 05, 2020 

Feb 05, 2020

Dear Antonio Magtoto,

Thank you for your request dated Feb 05, 2020 01:46:25 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Tax Implications of Contributions to Personal Equity and Retirement Account (PERA).

We received your request on Feb 05, 2020 01:46:25 PM and will respond on or before Feb 26, 2020 01:46:25 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://pcoomaster07122017170000-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEERPRi03MTI5MjQ3MDQyNDkM, for request with ticket number #DOF-712924704249.

Thank you.

Respectfully,

Rhodora Reyes
FOI Officer

Magtoto 11:30 AM, Mar 09, 2020 

Hi,

Follow up on this please. Thanks

Sarmiento 11:30 AM, Aug 31, 2020 

Greetings!

Thank you for your request  under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

While our aim is to provide information whenever possible, in this instance this Office does not have the information you have requested.  However, you may wish to contact the Bureau of Internal Revenue for the information that you need.

Thank you.

Respectfully,

FOI Receiving Officer

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