Individual Micro-entrepreneurs (MEI) must declare their income on time to avoid fines

Having a legalized business is essential for expanding sales channels for artisans. With a tax ID (CNPJ), it becomes possible to work with retailers, companies, and various buyers of artisanal products and services. Reputable companies value legality and will only buy directly from small producers if they can issue invoices. For this reason, the number of artisans registering as MEI (Individual Micro-entrepreneurs) is growing in the country, and they must be careful not to miss the deadline for declaring their annual income.

How to file the annual DASN-SIMEI declaration

Throughout the year, you should have been recording your monthly revenue, right? The total amount you received (gross revenue) must be declared. It is important to cross-check this with the invoices you issued during the year. The figures must match. Keeping a spreadsheet and verifying it against your invoices is the safest way to ensure nothing is left out. It is the good old double-check we learned back in school.

The declaration is filed through the Federal Government's Entrepreneur Portal: www.portaldoempreendedor.gov.br by May 31st. See the step-by-step guide in the video:

Those who closed their MEI must still file

Even if you closed your business registration during the year, you still need to file. Failure to declare will result in a fine in this case as well.

How much is the fine for non-declaration or late filing

Those who file late or fail to submit the declaration must pay a minimum fine of R$50.00, which increases by 2% per month. Therefore, organize your invoices if you haven't already, and keep an eye on the deadline.

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If you want to learn more about the declaration, read the Simplified Annual Declaration Manual for Individual Micro-entrepreneurs (DASN-SIMEI) from the Federal Government.