Millions of unpaid property tax discovered: Inland Revenue

Millions of unpaid property tax discovered: Inland Revenue

The property sector failed to pay at least $150 million in tax for the first nine months of this financial year, according to the IRD. Photo: Getty Images Inland Revenue (IR) says the property sector failed to pay at least $150 million in tax in the first nine months of the current financial year.

Property developers, investors fail to pay $153m in tax

Inland Revenue has identified $153.5 million in undeclared GST and income tax discrepancies in the property sector.

Inland Revenue discovers millions in unpaid tax from property developers and investors

The property sector failed to pay at least $150 million in tax in the first nine months of the current financial year - up on the year before.