Wescare Accounting Services

15/08/2026

14/08/2026

14/08/2026

𝗕𝗜𝗥 𝗦𝗧𝗥𝗘𝗡𝗚𝗧𝗛𝗘𝗡𝗦 𝗣𝗘𝗥𝗔 𝗥𝗨𝗟𝗘𝗦 𝗧𝗢 𝗣𝗥𝗢𝗧𝗘𝗖𝗧 𝗥𝗘𝗧𝗜𝗥𝗘𝗠𝗘𝗡𝗧 𝗦𝗔𝗩𝗜𝗡𝗚𝗦, 𝗦𝗨𝗣𝗣𝗢𝗥𝗧 𝗜𝗡𝗩𝗘𝗦𝗧𝗢𝗥 𝗙𝗟𝗘𝗫𝗜𝗕𝗜𝗟𝗜𝗧𝗬

The Bureau of Internal Revenue (BIR), through Revenue Memorandum Circular No. 91-2026 issued on August 11, 2026, clarified the rules on early withdrawals from Personal Equity and Retirement Accounts (PERA), providing clearer and fairer tax treatment while preserving PERA as a long-term retirement savings vehicle.

Under RMC No. 91-2026, the 20% Early Withdrawal Penalty (EWP) applies only to the gross income earned attributable to PERA assets actually withdrawn. Income, unrealized gains, and other PERA assets that remain invested are excluded from the penalty base. Proceeds from the sale or redemption of PERA investments that remain within the PERA custody account for reinvestment are likewise not considered an early withdrawal.

“Simply put, you can manage one part of your PERA without unnecessarily exposing the rest of your retirement portfolio to the early-withdrawal penalty. This gives investors more flexibility and greater certainty in managing their retirement savings,” Commissioner Charlito Martin R. Mendoza said.

For partial withdrawals, the EWP applies only to the income attributable to the portion actually withdrawn. The investor’s other PERA sub-accounts and investments remain unaffected.

“For investors, this means withdrawing from one part of your PERA will not unnecessarily affect the rest of your portfolio. The remaining PERA investments stay intact, while the 20% early-withdrawal penalty and the recovery of the 5% tax credit apply only to the assets actually withdrawn,” Commissioner Mendoza said.

The RMC further clarifies the scope of PERA tax exemptions. Taxes not expressly covered by the PERA exemptions—including stock transaction tax, value-added tax, documentary stamp tax, applicable percentage taxes—continue to apply under existing law. PERA administrators remain responsible for computing, withholding, reporting, and remitting the applicable EWP.

The clarification forms part of the BIR's taxpayer-centric approach to reform under BIR DARES, particularly its push for clearer rules, more predictable tax administration, and improved taxpayer service.

“This is consistent with the direction of President Ferdinand R. Marcos Jr. and Finance Secretary Frederick Go to improve the ease of doing business and strengthen investor confidence. Under BIR DARES, we are reviewing our rules with a taxpayer-centric approach—clarifying requirements, removing unnecessary uncertainty, and making tax administration more predictable,” Commissioner Mendoza said.

Read the full Revenue Memorandum Circular here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2091-2026%20corrected.pdf

10/08/2026

📢 Upcoming SEC Certification Webinars - Batch 3!

The Securities and Exchange Commission is pleased to announce the third batch of SEC Certification Webinars for 2026. These webinars provide foundational knowledge for individuals preparing to take the Phase 1 examinations. They are also suitable for prospective capital market professionals aiming to become Equity Securities Salesmen (ESS) or Associated Persons/Compliance Officers (AP/CO).

We invite all interested individuals to take advantage of this opportunity to enhance their understanding of the capital markets, while preparing for the certification examinations.

To learn more about these webinars, please visit bit.ly/SECCertificationWebinarsBatch3

10/08/2026

ADVISORY

To ensure the continued delivery of essential frontline services, Pag-IBIG Fund branches in the following areas shall operate with a skeleton workforce and are OPEN today, 10 August 2026, in accordance with Memorandum Circular No. 123 issued by the Office of the President.

Pag-IBIG Fund’s mall-based branches in these areas, however, shall remain closed in accordance with their Tuesday-to-Saturday operating schedule.

Affected Areas:

📍National Capital Region
📍Abra
📍Bataan
📍Batangas
📍Benguet
📍Bulacan
📍Cavite
📍Ilocos Sur
📍La Union
📍Occidental Mindoro
📍Oriental Mindoro
📍Pampanga
📍Pangasinan
📍Rizal
📍Tarlac
📍Zambales

For concerns and assistance, our contact channels will remain open:

☎️ Dial 8PAGIBIG (8-724-4244)
📧 Email [email protected]
💬 Chat with us at www.pagibigfund.gov.ph

08/08/2026

🏆Loyalty Awards Recognition🏆🏅😍❤️

As we celebrate our 18th Anniversary, we take this special moment to recognize six remarkable individuals whose loyalty, dedication, and years of service have helped shape the success of Wescare Accounting Services.

Their unwavering commitment, hard work, and passion have inspired us all. Through every challenge and milestone, they have remained steadfast, proving that loyalty is one of the greatest strengths of a successful organization.

To our six Loyalty Awardees, thank you for your invaluable contributions, dedication, and commitment to excellence. Your service has made a lasting impact on our company, and we are truly grateful to have you as part of the Wescare family.🙏❤️

08/08/2026

🎁✨️Raffle Draw Winners 😍😶

Congratulations to all lucky winners, and thank you to everyone who joined us in making our 18th Anniversary Celebration truly memorable!

We would also like to extend our heartfelt gratitude to our generous clients, business partners, and individuals who shared their support by sponsoring our raffle prizes, whether through cash or in-kind donations.

Your generosity and continued support mean so much to us and have helped make this celebration even more exciting and meaningful.
Thank you very much for being part of Wescare’s 18th Anniversary Celebration! 🎉❤️

08/08/2026

6 Funny & Unique Awards 😂😍🥳

As part of the fun and excitement of our 18th Anniversary Celebration, we recognized some of our employees with lighthearted and unique awards that brought smiles and laughter to everyone..😁😍❤️