Dhaka, June 29 -- Parliament is set to pass today the Finance Bill 2026 with significant amendments, including the withdrawal of a controversial provision that would have allowed legalizing undisclosed income by paying 20-percent penal tax.

Another contentious proposal requiring taxpayers to obtain Taxpayer Identification Number (TIN) before opening bank account is also likely to be dropped following widespread criticism from businesses and stakeholders, officials say.

According to them, the income-tax provisions are expected to undergo the highest number of revisions among the three wings of the revenue board -- income tax, VAT and customs.

Among the most debated proposals was the provision allowing taxpayers to whiten what is commonl...