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To understand MEI income tax, it is first important to understand what the Income tax (IR). This is a tax levied by the federal government on the earnings of individuals and companies.
The Individual Microentrepreneur (MEI) is also subject to this charge, but there are particularities that must be understood.
MEIs must file income tax returns, especially if their annual income exceeds the exemption limit, which changes every year, or if they have other sources of income besides the MEI.
A thorough knowledge of these rules is essential to avoid tax problems.
It is important to know that the basis for calculating MEI income tax is the company's profit.
However, the MEI has a ease in this sense: a part of the revenue is automatically considered as an expense, called the presumption of profit.
Therefore, only the remaining percentage is considered profit and, consequently, subject to personal income tax.
Although it may seem complex, declaring income tax brings several benefits for the MEI, such as the possibility of proving income, facilitating the approval of credit and financing and legal and tax security.
Conclusion: Income tax for MEIs may seem complex, but understanding its principles is crucial to keeping your company in compliance and reaping the benefits of a correct tax return.
Declaring income tax as an Individual Microentrepreneur (MEI) may seem like a complex task, but it's actually a simpler process than you might think. We'll cover it in detail in this guide.
As an MEI, you have two different income tax obligations:
The income tax declaration as an MEI is made in a similar way to that of an individual.
You will need the following documents:
There are many nuances to filling in the tax return, so it's always a good idea to seek advice from an accountant or use tax return software.
Here are some important points on how to fill in the MEI income declaration:
Use tax return software and professional guidance to ensure that your return is correct.
If you are a Individual Microentrepreneur (MEI) and have doubts about how Income Tax works, we have answers to some of the most frequently asked questions. Let's go!
YesAll MEIs must file an income tax return, regardless of their turnover. This obligation goes beyond the requirements for Simples Nacional, which MEIs are included in.
Init is not compulsory to have an accountant for the declaration
However, the help of a professional can be useful to avoid errors or omissions that could lead to future penalties.
The deadlines vary from year to year, but generally the period for filing income tax returns starts at the beginning of March and ends at the end of April.
It's important to pay attention to the dates to avoid possible fines for late payment.
If you still have doubts about how to understand, consider enlisting the help of a professional accountant.
For more information visit the official Internal Revenue Service
