What you need to know to keep your company up to date

The law provides for several obligations for those who are MEI! Find out everything about taxes, contributions, fees, payments and much more.

The Individual Microentrepreneur (MEI) model represents a great achievement for small business owners and self-employed professionals in Brazil. Since its creation in 2009, MEI has made life easier for millions of Brazilians, allowing them to leave informality with a simplified taxation model.

However, even with its simplicity, there are specific obligations that every MEI must comply with to keep your company in good standing and avoid penalties. In our guide, you can check all the updated examples for 2024.

Discover MEI's updated obligations! Credit: plasticaxe.

How to become MEI in 2024?

To become a MEI, it is necessary to meet certain criteria, such as an annual revenue limit, the number of employees that can be hired and the type of economic activity carried out.

By formalizing as a MEI, the entrepreneur acquires a CNPJ, the possibility of issuing invoices and access to Social Security benefits.

The formalization process is super simple: just access the Entrepreneur Portal (and follow the guidelines on the platform itself.

Check out more details: Government and the Nesting Program: R$2,000 per year for high school students

MEI obligations: Employee salaries

Now that you know how to become MEI in 2024, it’s time to check all the updated obligations for the category. The first of these concerns the hiring of employees.

As a MEI, when hiring an employee, it is essential to understand the taxes related to employment obligations.

This includes contributions to the INSS and FGTS, corresponding to a total of 11% of the employee’s salary.

DAS monthly payment

The Simples Nacional Collection Document (DAS) is a monthly obligation for all MEI, regardless of the companies’ revenue level.

This document unifies the taxes that must be paid, varying depending on the type of activity. The values ​​are adjusted annually based on the minimum wage. See the current amounts below:

Commerce and industry: R$ 71.60 (INSS + ICMS) Services: R$ 75.60 (INSS + ISS) Commerce and services: R$ 76.60 (INSS + ICMS/ISS)

Monthly and annual revenue report

Every month, the MEI must prepare a report detailing its gross revenues. This report is essential for maintaining the financial organization and for the annual declaration.

Furthermore, the Simplified Annual Declaration is a summary of the previous year’s revenue. It must be sent by May 31st of each year, guaranteeing the regularity of the MEI with the Federal Revenue Service.

MEI Obligations: Issuance of invoice

MEI is obliged to issue an invoice in transactions with legal entities or whenever the individual consumer requests it.

In situations where it is not mandatory to issue the note, it is also recommended to proceed with the issuance to exercise more direct control over the monthly finances.

Check out more details: MEI can request a loan of up to R$20,000; know how

Operating license is the last of MEI’s obligations

Finally, to operate legally, MEI must request an operating license for your business location. The rules for issuing this document vary according to each municipality.

Being a MEI brings many benefits, but also responsibilities. Therefore, being attentive and complying with all obligations is essential to avoid complications and keep the business up to date.

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