New Mexico Sales Tax Rules and Regulations - Taxify

New Mexico State Sales Tax

Quick Guide

Contact Information

Website: www.tax.newmexico.gov
Phone: (505) 827-0700

Sales Tax Rate

Base Rate: New Mexico currently does not impose a sales tax.
With Local Rate: They do have a gross receipts tax rate that varies throughout the state from 5.125% to 8.6875%

New Mexico Sales Tax Facts

Is New Mexico a destination or origin based state? Origin
Is New Mexico a SST Certified State? No
Are zero file returns required in New Mexico? No
Is shipping taxable in New Mexico? Yes

New Mexico Nexus Information

Triggers for Nexus

Delivery vehicles
Employee
Independent contractors or representatives
Office
Property
Warehousing

Does Amazon Have Warehousing in New Mexico?

No

New Mexico Filing Dates

Monthly

January collections – February 25
February collections – March 25
March collections – April 25
April collections – May 25
May collections – June 25
June collections – July 25
July collections – August 25
August collections – September 25
September collections – October 25
October collections – November 25
November collections – December 25
December collections – January 25

Quarterly

Q1 – April 25
Q2 – July 25
Q3 – October 25
Q4 – January 25

Annual

January 25

Other New Mexico Sales Tax Information

New Mexico currently does not impose a sales tax, however they do have a gross receipts tax that is typically passed on to the consumer. Because of the pass-through nature, a gross receipts tax is similar to a sales tax. In New Mexico, the following activities constitute the makeup of gross receipts:

  • Selling property in the state
  • Leasing or licensing property in the state
  • Granting a right to use a franchise in the state
  • Performing services in the state
  • Selling research and development services performed outside New Mexico, the product of which is initially used in New Mexico

Gross receipts means the total amount of money or other consideration received from the above activities. Although the gross receipts tax is imposed on businesses, it is common for a business to pass the gross receipts tax on to the purchaser either by separately stating it on the invoice or by combining the tax with the selling price.

Shipping is generally taxable in this state. It doesn’t matter if the shipping charge is listed separately or if it is included in the price of the item.

Filing Requirements: A business with an average total tax liability of over $200 per month for any combination of taxes shown on the CRS-1 Form must report monthly. Businesses with a lower annual average than $200 monthly in combined taxes may elect to report monthly, quarterly or semiannually.

All taxpayers who file CRS-1 Forms on a monthly basis and who have an average tax liability of $1000 or more are required to electronically file. Once you are required to file electronically, you must continue to do so unless you receive an exception.

What Will You Need: The CRS-1 Filer’s Kit, mailed twice a year, is the main source of information about reporting and paying gross receipts tax. Six CRS-1 Forms and one CRS-1 Long Form are included in the kit with instructions on how and when to file and how to calculate penalty and interest. You receive a CRS-1 Filer’s Kit shortly after you register with the Department, or you may request a kit at any local tax office or through the mail at no charge. Photocopy the CRS-1 Forms as often as needed or obtain them online.

If you are required to file monthly, then returns must be submitted via New Mexico’s Taxpayer Access Point. In order to do so, create a primary TAP account under your business name by clicking the Sign up now link on the TAP login page.

Register For a Sales Tax License: There are two ways to obtain a New Mexico CRS identification number. You may fill out and submit the Application for Business Tax Identification Number (ACD-31015) via mail. You can also obtain a CRS identification number online.

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