Tax Incentives
Film and television production in Los Angeles declined further in the fourth quarter of 2025, with no immediate benefits from expanded state incentives. Shoot days for film, TV, and commercials dropped 12.3% from the previous quarter, continuing a trend since 2022. Overall volume for the year stood at about half of 2019 levels.
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The Philippines faces challenges in tax collection with a low tax-to-GDP ratio of 14.1% in 2023, far below regional averages. While the Bureau of Internal Revenue has implemented campaigns like RATE and RAFT, experts call for smarter, sector-based enforcement to combat evasion and corruption. Stronger coordination between agencies like PEZA and BIR is essential to prevent leakages in special economic zones.