Maravi

KCM refunds wrongly deducted PAYE
By Misheck Wangwe in Kitwe
Fri 29 Nov. 2013, 14:00 CAT

KONKOLA Copper Mines has refunded all affected employees PAYE deductions that were wrongly effected in the month of October.

Recently, the KCM payroll system was marred with irregularities and salary discrepancies of its mineworkers, with stakeholders and the government blaming the new Systems Application Products-Human Capital Management (SAP-HCM) technology that was introduced by management.

Mineworkers from different Integrated Business Units (IBUs) of KCM complained that they were getting little money as salary, sometimes just half of their usual salaries due to irregularities in the payroll system.

In a memo addressed to all KCM employees, acting vice-president for Human Capital Management, Eve Banda, said the refund was with effect from November 2013 and the balance of Pay As you Earn (PAYE) would no longer be deducted.

"This is to advise that the PAYE deducted under the Code 526D from employees in the month of October 2013 had been refunded to all affected employees...This will be displayed on the deduction side of the statement under the payroll Code 526D-PAYE recovery which would show a negative deduction and negative balance amount signifying total reversal," the memo read in part.

In September, deputy minister of Mines Richard Musukwa said KCM was expected to show seriousness regarding the issue of pay anomalies, as it was a responsibility of the company to demonstrate competence and proficiency in the management of salaries for its employees.

Labels: KCM, PAYE, RICHARD MUSUKWA, TAX EVASION

posted by MrK @ 2:18 AM