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flag New Zealand finds $150M in undeclared taxes from property sector, marking a 39% rise in detected discrepancies.

flag New Zealand's Inland Revenue Department (IRD) has uncovered over $150 million in undeclared taxes from the property sector, including developers and landlords. flag This increase in compliance efforts, funded by the government, has led to a 39% rise in detected discrepancies compared to the previous year. flag The IRD is focusing on ensuring proper reporting of income tax and Goods and Services Tax (GST) in the property market.

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