SGV’s Indirect Tax (IDT) team conducted a virtual Strategic Trade Management Act (STMA) Awareness Forum for clients on 27 October 2022 via MS Teams. The forum aimed to provide valuable insights into Republic Act (RA) No. 10697, “An Act Preventing the Proliferation of Weapons of Mass Destruction by Managing the Trade in Strategic Goods, the Provision of Related Services, and for other purposes.” More than 100 clients from various industries engaged in importation and exportation, logistics, and freight forwarding services attended the event.
SGV Tax Leader Fabian K. Delos Santos (FKS) delivers his opening remarks
IDT Manager Erika Ruiz gives a brief background on the STMA
The SGV IDT team led by IDT Principal Arlyn A. Sarmiento-Sy (fourth from left) awards a Certificate of Appreciation to DTI representative Atty. Dimayacyac
SGV Tax Leader Fabian K. Delos Santos (FKS) kicked off the event by delivering his opening remarks. IDT Manager Erika Joy S. Ruiz served as one of the resource speakers. She discussed the relevant implementing rules and regulations (IRRs) of STMA including a brief background of the law, its implementation by the Department of Trade and Industry (DTI), relevant STMA issuances and common issues, and practical tips.
DTI–Strategic Trade Management Office (STMO) Senior Trade Specialist John Derrick C. Anchinges and OIC-Director Atty. Janice S. Dimayacyac were also speakers at the event. Mr. Anchinges discussed the recent developments and implementation of STMA, DTI-STMO-conducted audits, the number of ongoing, registered, or licensed applicants, and other relevant topics, while Atty. Dimayacyac served as one of the panelists and moderators during the open forum session.
SGV IDT Leader Lucil Q. Vicerra (LQV) delivered the closing remarks and thanked the IDT team for organizing the event and the DTI–STMO representatives for sharing their knowledge and expertise on the subject matter.
The STMA forum was led by IDT Principals Arlyn A. Sarmiento-Sy (AAS) and Victor C. de Dios (VCD) as Project Head and Co-Project Head, respectively. They were supported by IDT Senior Associate Gabriel B. Carumba as the Project Lead, and IDT Managers Erika Joy S. Ruiz and Edwin M. Sulit as the Co-Project Leads. IDT Senior Associate Jerry M. Santos acted as the event host.
The IDT team paid a courtesy visit at the DTI-STMO on 17 November 2022 to physically award the Certificate of Appreciation to Mr. Anchinges and Atty. Dimayacyac. Programs and activities of the DTI-STMO were also briefly discussed during the visit.
