Thailand Rushes TISA Tax Breaks Ahead of September
Thailand's government is rushing to launch TISA, a new savings account with tax breaks, before September 2025, allowing citizens to freely choose long-term investments rather than being restricted to specific government-approved funds.
Deputy Prime Minister and Finance Minister Ekoniti Nitithanprapracha stated that the Ministry of Finance, in coordination with the Securities and Exchange Commission and the Stock Exchange of Thailand, is pushing forward the TISA (Thai Individual Savings Account) initiative with the goal of completing it before September 2025. "There will be tax deductions for savings, and I believe we should not restrict people to investing in LTF or SSF funds only to get those deductions, because people end up losing money," he said. "Instead, we should give people the freedom to choose long-term investments so that when they retire, they have financial security and incentive, especially for ordinary citizens." Ekoniti noted that the framework has largely been finalized but recent feedback on criteria means the multiplier conditions of 0.3 and 0.7 will likely be removed to create equal treatment. Regarding the size of the tax deduction allowance, he said the government is still carefully considering the matter and will announce it in due course.
