Instead, New Mexico imposes a tax on the location of the seller or lessor; that is, the person who is engaging in business. The business location of the seller or lessor determines the rate of Gross Receipts Tax (GRT). The FYI in the link below discusses how to determine your business reporting location, the importance of reporting correctly, and using the correct tax rate.

Links

FYI-200: Your Business Location and the Appropriate Tax Rate

Explore Section & Events

Businesses

Businesses Sidebar

Tax Policy Advisory Committee meets Wednesday

B-200.34 – Delivered Groceries

Delivered groceries may not be taxable

TRD Audit and Compliance Division to start outbound calling

Changes Coming to Combined Reporting System

Back-to-School Tax Holiday is this weekend

Modified enforcement extended through August

July new business workshop to be presented online

New multi-year tax forms available

Hearing scheduled on new rules for New Mexico driver’s licenses

Determining Business Location

Unlike most states, New Mexico does not impose a sales tax based on the point of delivery of the goods sold.