Why the Tax is Our Unsung COVID Hero

November 10, 2020

Using GenTax, Fast Enterprises’ tax processing software, New Zealand Inland Revenue has been quietly and efficiently helping to support the economy and assisting thousands of businesses through the COVID-19 pandemic. Inland Revenue staff and their FAST colleagues were able to quickly make changes in their GenTax implementation to provide wage subsidies, issue loans to small businesses, and implement tax relief measures. These changes were put in place while Inland Revenue still carried on its business-as-usual. The inbuilt flexibility of GenTax has enabled New Zealand to repurpose its tax system to meet both immediate and future economic challenges resulting from COVID-19.

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