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New Mexico does not have a sales tax. It has a gross receipts tax instead. This tax is imposed on persons enga... Read More

Generally speaking, sales and leases of goods and other property, as defined in Section 7-9-3(J) NMSA 1978, ar... Read More

The gross receipts tax rate varies throughout the state from 5.125% to 8.8675%. The total rate is a combinatio... Read More

Exemptions from gross receipts are receipts that are not taxable and do not have to be reported. If all your r... Read More

A deduction from gross receipts, like an exemption, is an amount not subject to tax. Unlike an exemption, howe... Read More

To obtain NTTCs, you must have a New Mexico CRS identification number, which is an 11-digit number also known ... Read More

Persons engaging in business in New Mexico must register with TRD. With few exceptions, a business must hold a... Read More

Ownership can take one of several forms:

  • Corporation/S-corporation with established officers (president, vice-p... Read More

A Federal Employer Identification Number (FEIN) is required for all ownership types, excluding individual and ... Read More

If you have any problems logging in or otherwise using New Mexico Webfile, please contact us by sending an e-m... Read More

Filing statuses for gross receipts tax and their due dates are:

  • Monthly - the 25th of the following month if co... Read More

DBA (doing business as) is the name of the business. If this is a sole proprietorship, you may use your person... Read More

List the phone number you will use for business purposes, even if it is a home phone.

List a home address until you have a business location. If you are receiving mail at home under your business ... Read More

If you will pay taxes based on when you receive payment; choose cash. If you will pay taxes based on when you ... Read More

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