[Malaysia] How to generate TP2 form?

The TP2 form is an essential document for employees in Malaysia to declare benefits in kind (BIK) provided by their employer. These non-monetary benefits, such as company cars, accommodation, and chauffeurs, must be included in monthly earnings to ensure accurate tax deductions (PCB). Employees are required to declare their BIK within the same year and under the same employer to comply with tax regulations.

To streamline the process, follow the step-by-step guide below to generate the TP2 form efficiently.

1. Click on the Manage Company option on the left sidebar.

2. Navigate to the Payroll.

3. Scroll down to the TP2 File section and expand it.

4. Select the employee's name from the dropdown list and click CREATE NEW TP2 FORM.

5. Fill in the relevant fields, including benefit-in-kind details and any necessary adjustments.

6. Click SAVE to store the details, or SAVE AND DOWNLOAD to download the updated form immediately.

7. The newly created form will be listed under the TP2 File section.

8. To download multiple forms at once, select the relevant employees and click DOWNLOAD SELECTED. The files will be generated in a compressed ZIP format for convenience.

9. Click Actions next to the employee’s record to edit or download the file.

10. Select the relevant employees and click the DELETE button at the bottom right of the section.