Treasury approves TISA with total limit of 800,000 baht, effective from tax year 2027
RegulationMacro
The Ministry of Finance is preparing a major overhaul of personal savings and investment tax deduction measures through the Thai Individual Savings Account, or TISA, raising the combined limit and introducing new benefits of up to 800,000 baht. This is divided into a 600,000 baht limit for purchasing assets eligible for standard tax deductions, up from the previous level of 500,000 baht, plus an additional 200,000 baht special limit for investment in stocks or assets announced by the Securities and Exchange Commission. This portion cannot be used for tax deductions but is exempt from dividend and interest tax if held according to specified conditions. At the same time, the Mix and Match asset combination will be unlocked, removing limits separated by asset type, allowing taxpayers to choose provident funds, retirement mutual funds, or SEC-certified stocks in any proportion, with the combined total not exceeding 600,000 baht. The income criterion remains capped at a maximum purchase of no more than 15% of income under existing law, and insurance investments remain separate from the 600,000 baht limit, with general life insurance at 100,000 baht and annuity insurance at 200,000 baht. Professor Dr. Pornanong Budsaratragoon, Secretary-General of the SEC, said the TISA account has two investment objectives: retirement savings with a 600,000 baht limit, and long-term investment by the public for themselves and minors with a 200,000 baht limit. Investment starts with Thai stocks first, and each holding must not be sold for a period of five years to qualify for the dividend and interest tax exemption over five years. It is expected to take effect from tax year 2027 onward.
