Starting in February, the approximately 13 million individual micro-entrepreneurs (MEI) registered in the country will pay R$ 60.60 to contribute to Social Security. The increase, of 10.18%, follows the readjustment of the minimum wage, which went from BRL 1.1 thousand to BRL 1,212 in January 1st.
The readjustment will be valid only for slips maturing from February 20th. This month’s quota, which expires on January 20, will continue to be paid at the old amount, R$ 55.
Self-employed professionals with a simplified tax and social security system, individual micro-entrepreneurs collect 5% of the minimum wage per month for the National Social Security Institute (INSS). The remainder of the monthly contribution varies according to the field of activity.
Workers who carry out activities related to commerce and industry pay R$1 more related to the Tax on the Circulation of Goods and Services (ICMS), administered by the state where they live. Professionals who perform services collect R$ 5 more in Services Tax (ISS), administered by the municipality where they live.
By contributing to the INSS, individual micro-entrepreneurs are entitled to old-age pension, sick pay, maternity allowance, imprisonment benefit and pension for death. In addition, the Internal Revenue Service provides a National Register of Legal Entities (CNPJ) to the MEI, which can issue invoices and obtain credit with special conditions.
The monthly payment slip of the MEI Simplified Collection Document (DAS-MEI) can be generated in the Entrepreneur’s Portal. Installments are due on the 20th of each month.
