JULY - DECEMBER 2017 FOR INTERNAL CIRCULATION ONLY

BIZ VIBES
EUROGAIN CONSULTING GROUP SDN BHD

Keeping up with the latest business trend is

one of the keys to moving your company forward

HIGHLIGHTS ...
Discover How Budget 2018 Impacts SME Businesses ...
More Funds for Small Businesses ?
BIZ VIBES

Special Thanks from the

CEO ...

Instead of giving a long-winded speech, I

would like to keep my message simple and
sweet, as I strongly believe that it is the
sincerity that counts, not the word counts.

To those we cannot do without — our

dedicated employees, our leaders in the
management, our partners and associates,
our suppliers and service providers, family
and friends, and most importantly, our
supportive clients, on behalf of Eurogain
Consulting Group, I would like to extend
In This Issue ... my utmost gratitude and thanks to all of
you, for it is with the on-going synergy from
Announcement all of you throughout our 20 years of
journey that Eurogain has made it to where
it is today.
Discover How Budget
2018 Impacts SME Moving into our 21st year of services,
Businesses ... More together with our highly enthusiastic and
committed teams, we hope to continuously
Funds for Small help businesses to grow for many years to
Businesses ? come through constant improvement and
innovation to provide the best services to
our existing and new clients.
Corporate Tax Updates
Merry Christmas and Happy New Year to all,
Personal Tax Updates and I hope that 2018 will be a fruitful year
for all of you, bringing greater achievement
and success in your career, business as
Eurogain Activities
well as your personal life.

Upcoming Business Kevin Kiew

Events CEO of Eurogain Consulting Group
 BIZ VIBES

A Warm Welcome to Our

New Consulting Partner

Sek Jin Han is currently the

Group Operating Director for EAX
Group. After graduating in Economics
from the University of Melbourne,
Australia, he joined Sony Malaysia and
it was during this time, he travelled
frequently to different parts of the
region as part of his duty.

As an Economist, he couldn’t help but

to study the market of each country he
was posted to and he discovered
several trends and patterns in the
property market and started to invest
into a few properties in several
countries. As his property portfolio
began to expand, Jin Han has made
the bold decision to leave his full-time
job to focus on property investment.

Being exposed to a few investment

groups locally and abroad, he too
realised the importance of investing
with a group rather than
independently. Jin Han continues to
spend his time studying different
markets, advising investors as well as
managing and expanding their
portfolios. Collectively, Jin Han
manages over 100 investors and more
than USD20 Million worth of assets.
Jin Han has recently co-authored a
book “Ugly Lies, Pretty Truth” with his
business partner Gerald Kong from
EAX that talks mostly about
opportunities in the property
investment revealing all the hidden
gems in the regional property market.
Jin Han was also the President of
Lions Club of Ampang for the fiscal
term 2015 / 2016 and subsequently
being appointed as the Zone
Chairperson of Lions Club
International District 308 B1 in this
current 2017 / 2018 fiscal term.
With such proven track records, he
decided to make use of his vast
experience in investment consultation
to assist more SME business owners in
the area of business investments and
business improvement. With such
aims, Jin Han decided to join efforts
with Eurogain Consulting Group Sdn
Bhd, assuming the role as a Consulting
Partner.
BIZ VIBES

Budget 2018 — More funds for SMEs 

According to the
International Trade and
Industry Minister Datuk
Seri Mustapa Mohamed:

Small and medium

enterprises (SME) have
received considerable
attention from the
government which has set
aside RM20 billion under the
2018 Budget for the
development purposes of
the industry.

SME Corp has been given a

RM200 million allocation for
training, promotional and
financing programmes
which would significantly
boost the agency's training
programmes and also assist The additional allocation for SMEs will help
local SMEs. motivate government agencies, especially SME
Corp, in line with the nation’s aim to achieve 21
An allocation of RM245 per cent total exports and contribute 41 per cent
million will be channelled for to the economy by 2020 under the SME
automation, whereby Masterplan
companies adopting smart
manufacturing concept will Industry 4.0 was a new industry that needed to
be given matching grants be given more focus

Sources:
www.treasury.gov.my/pdf/budget/speech/Touchpoints_budget_2018_BI.pdf
www.malaysiandigest.com/business/705060-smes-get-significant-boost-in-budget-2018-mustapa.html

PAGE 03

Corporate Tax Updates
Corporate Tax
Earning Stripping Rules (ESR)
Replacing the Thin
Capitalisation Rules (TCR)
Introduced in the 2009 Budget, TCR
implementation has been put off to 1st
January 2018. Subsequently, a new
method known as the ESR was introduced
by the Organisation for Economic
Cooperation and Development (OECD) to
replace TCR in order to control excessive
deductibility of interest expense on loans
between the relevant parties.
According to the ESR, the interest
deduction on loans between related
companies within the same group will be
limited to a ratio determined by a country's
tax authority with a range from 10% to 30%
of the company's profit before tax either
using the Earning Before Interest, Tax,
Depreciation, and Amortisation (EBITDA) or
Earning Before Interest and Taxes (EBIT),
effective from 1st January 2019.
Source:
2018 Budget Commentary & Tax Information published by The Malaysian Institute of Certified Public Accountants (MICPA), Malaysian
Institute of Accountants (MIA) and Chartered Tax Institute of Malaysia (CTIM).
BIZ VIBES
Revised Capital Allowance for
ICT Equipment & Software
The 20% initial allowance and 80% annual
allowance of the existing capital allowance
for acquiring ICT equipment has ceased in
year of assessment 2016.
The recently proposed capital allowance
comprises 20% for initial allowance and
20% for annual allowance to the following:
Expenditure incurred on the purchase of
ICT equipment and computer software
packages (Year of Assessment 2017
onwards; 2018 Budget)
Expenditure incurred on the development
of customised software comprising of
consultation fee, licensing fee and
incidental fee related to software
development (Year of Assessment 2018
onwards; 2018 Budget)
PAGE 04
BIZ VIBES
Personal Tax Updates
Reduction of Certain
Individual Income Tax Rates
According to the 2018 Budget, individual
income tax rates for resident individuals would
be reduced by 2% for three of the chargeable
income bands ranging from RM 20,001 to
RM 70,000 as an initiative to increase the
disposable income of middle-income taxpayers
and help address the rising cost of living.
Extension of Period of Relief for Net
Savings in the National Education
Savings Scheme (SSPN)
For Year of Assessment 2012 to 2017, resident
individuals will be eligible for tax relief of up to
RM6,000 for net savings in the SSPN.
To further encourage savings for the purpose of
financing the tertiary education of children, the
2018 budget would extend the relief for another
three years, from Year of Assessment 2018 to
2020.
Tax Exemption on Rental Income
from Residential Homes
Rental income earned from residential
homes owned by resident individuals
currently is subject to tax at rates ranging
from 0% to 28%.
To encourage Malaysian resident individuals
to rent out residential homes at reasonable
costs, the 2018 Budget provides a 50%
income tax exemption on rental income
earned by Malaysian resident individuals
effective from Year of Assessment 2018 to
2020, subject to the following conditions:
rental income received does not exceed
RM 2,000 per month for each residential
home; and
residential home must be rented under
a legal tenancy agreement between the
owner and the tenant.
Source:
2018 Budget Commentary & Tax Information
published by The Malaysian Institute of Certified
Public Accountants (MICPA), Malaysian Institute of
Accountants (MIA) and Chartered Tax Institute of
Malaysia (CTIM).
PAGE 05
 BIZ VIBES

Personal Tax Updates

Tax Incentives for Women Returning to Work After a Career Break

Under the current legislation, there

are no tax incentives for women
returning to work after a career Audit & Taxation Services
break. To encourage women to return
to the workforce, women who go provided by Eurogain include:
back to work after a career break of
Tax Advisory
two or more years would be able to
apply for an individual income tax Tax Planning
exemption on their employment Corporate & Individual Tax Compliance
income for a maximum of 12 Internal Audit
consecutive months. External Audit for Compliance
Good & Services Tax (GST) Post-
The exemption would apply only to
Implementation Review & Advisory
women returning to the workforce
after a career break of at least two
years as of 27 October
2017. Applications for the exemption
shall be submitted to Talent
Corporation Malaysia Berhad
(“TalentCorp”) from 1st January 2018
to 31st December 2019, and the
exemption would be effective for Year
of Assessment 2018 up to 2020.

Source: For Inquiry, call + 603-9058 1050 or

2018 Budget Commentary & Tax Information
published by The Malaysian Institute of Certified Email to: tax@eurogain.com.my
Public Accountants (MICPA), Malaysian Institute of
Accountants (MIA) and Chartered Tax Institute of
Malaysia (CTIM).
PAGE 06
BIZ VIBES

With great teamwork, everything is possible...

Eurogain Annual
Unity is strength... when
Company Trip 2017
there is great teamwork ,
wonderful things can be
achieved. The Management
would like to express its
special thanks to the team
members of Eurogain for their
efforts throughout the year.

Annual Bowling
Tournament 2017. 

PAGE 07
 BIZ VIBES

Christmas Celebration ....

Gifts Exchange Session 

Christmas Feast ...

Voting for 2018 Sports

Club Committee Members

PAGE 08
 BIZ VIBES

XeerSoft Private Round Table Sharing ...

13 Dec 2017 — Mr. Kevin Kiew, the CEO of Eurogain Consulting Group was invited as one
of the Special Speakers in the "Private Round Table Sharing on 2x Up Your Account &
Audit Efficiency". Held at Level 7, Shamelin Start Function Hall, Mr. Kevin Kiew has
provided an impactful talk along with two other prominent guest speakers, namely Prof.
Dato' Dr. Chua Hock Hoo, the Managing Partner of Cheng & Co. Group, and En. Razali B
Abdul Karim, the Founder of Razali Abd Karim & Co.

Mr. Kevin Kiew sharing

about the significance of
business improvement for
SMEs through Peer
Coaching

PAGE 09
 BIZ VIBES

Upcoming Business Events

CEOs' Secrets to Making Your Business Works For You

Are you WORKING FOR your BUSINESS?

OR … MAKING your BUSINESS WORK for you?
Join this 3-Hour Sharing Session to learn the “Blueprint
to Making Huge Profit for SME Business Owners”

Learn the secrets from CEOs who have made it!

Date : 23rd Jan 2018
Time : 2.00 p.m. to 5.00 p.m
Venue :
Business Focus International Berhad,
Eurogain Place Building, 1st Floor,
Unit 31-1, Jalan Tasik Selatan 3,
Bandar Tasik Selatan, 57000 Kuala
Lumpur.
Grow 2 to 5 times of your revenue
Grasp first-hand business ideas & secret tips
Grab the partnership & joint-venture optimisation blueprint
Get the proven marketing strategy to increase your sales
To enjoy 50% Special Rebate, CALL 603 - 9058 1020 /
9054 8666 / 6012 - 311 7187 now
or
BOOK Your Seats via this Eventbrite Link:
www.eventbrite.com/e/business-focus-talk-tickets-
41553953995?discount=SpecialRebate

Inquiry: info@bfi.asia Website: info@bfi.asia Facebook: Business Focus International

Exhibitions & Conferences ...

Date : 25th to 27th January 2018
Time : Thursday & Friday (10 am - 6 pm)
Saturday (10 am - 5 pm)
Venue :
MATRADE Exhibition & Convention Centre,
Kuala Lumpur, Malaysia.
Admission is free for all. Online pre-registration or
on-site registration is required.

Café Malaysia 2018 will present the largest gathering of coffee and tea industry players to showcase
equipment, machinery, accessories and various supplies and products for the perfect one-stop
platform for industry professionals. Wake up and smell the abundant business opportunities in the
growing regional and international counterparts.

Date : 22nd to the 24th February 2018

Venue : Putra World Trade Centre, Kuala Lumpur, Malaysia.

The landscape of the future is changing, and MTE 2018 is the

perfect platform to showcase the latest and greatest in technology
based products and services that are at the very forefront of the
new wave. Take advantage of the vast opportunities available to
advance your business.
PAGE 10
BIZ VIBES

Our Services

BIZ VIBES is a newsletter issued by Eurogain Consulting Group Sdn Bhd. While every care has been taken in compiling
this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or
completeness of the information for any purpose. Eurogain Consulting Group Sdn Bhd, its associates, employees and
agents accept no liability, and disclaim all responsibilities, for the consequences of anyone acting, or refraining to act, in
reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it
without seeking specific professional advice tailored to your circumstances, requirements or needs.