MEI’s contribution will increase by 10.18% from February

The readjustment of the MEI contribution will only be valid for slips expiring on February 20. Photo: Marcello Casal Jr / Agência Brasil

As of February, around 13 million registered individual micro-entrepreneurs (MEIs) in the country will pay R $ 60.60 to contribute to social security. The 10.18% increase follows the readjustment of the minimum wage, which fell from R $ 1.1 thousand to R $ 1,212 on January 1. The readjustment will only be valid for slips expiring from February 20. This month’s quota, which expires on January 20, will continue to be paid at the old amount, R $ 55.

Independent professionals with a simplified tax and social system, individual micro-entrepreneurs receive 5% of the minimum wage per month for the National Institute of Social Security (INSS). The rest of the monthly contribution varies according to the field of activity.

Workers engaged in trade and industry-related activities pay R $ 1 more than the movement of goods and services tax (ICMS), administered by the state where they live. Professionals who provide services receive an additional R $ 5 in Service Tax (ISS), administered by the municipality where they live.

By contributing to the INSS, individual micro-entrepreneurs are entitled to old age pension, sickness benefit, maternity allowance, imprisonment allowance and death pension. In addition, the Internal Revenue Service provides a National Register of Legal Entities (CNPJ) to the MEI, which can issue invoices and obtain credits with special conditions. The MEI Simplified Collection Document (DAS-MEI) monthly ticket can be generated on the Entrepreneur Portal. Payments are due on the 20th of each month. With information from Agência Brasil.

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