The collection of Value Added Tax (VAT), which contributes 37 percent to the total revenue collection, is experiencing the worst-ever scenario due to the COVID-19 impacts that halted trade and business in the country for a couple of months.

The International Monetary Fund (IMF) has predicted that Bangladesh’s GDP growth would come down to 2 percent in the current fiscal year (FY2019-2020) due to the global coronavirus pandemic.