New Mexico Round Supply Agreement
Description
How to fill out Round Supply Agreement?
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FAQ
After registering with Taxation and Revenue and receiving a Business Tax Identification Number, you may obtain an NTTC online through the Taxpayer Access Point (TAP). Please note that resale certificates issued by other states are not valid in New Mexico.
A blanket certificate in California appears to not have an expiration date.
Local GRTs in New Mexico are subject to change twice annually, on January 1 and July 1. Changes to the state GRT are permitted no more than once a year and usually take effect July 1. The state GRT was lowered July 1, 2022, for the first time in 40 years. On July 1, 2023, the GRT rate will drop again, to 4.875%. New Mexico may replace gross receipts tax with sales tax Avalara ? north-america ? 2023/02 Avalara ? north-america ? 2023/02
EFFECTIVE July 1, 2023 The state portion of the gross receipts tax rate has been lowered from 5.000% to 4.875%, due to HB-163 from the 2022 legislative session. This change impacts all location codes across the state.
1-866-809-2335 If you need assistance, call 1-866-809-2335. Once you're online filing your return, you can also pay online. Gross Receipts Tax - New Mexico Taxation and Revenue Department newmexico.gov ? tax-professionals ? gr... newmexico.gov ? tax-professionals ? gr...
4.875% EFFECTIVE July 1, 2023 The state portion of the gross receipts tax rate has been lowered from 5.000% to 4.875%, due to HB-163 from the 2022 legislative session. This change impacts all location codes across the state. Make sure to review the Gross Receipts and Compensating Tax Rate Schedule included in this packet. GRT Filer's Kit - New Mexico Taxation and Revenue Department NM Taxation and Revenue Department (.gov) ? 2023/08 ? Ju... NM Taxation and Revenue Department (.gov) ? 2023/08 ? Ju... PDF
File your Form(s) CRS-1 in ance with your filing status: i.e., monthly, quarterly, semi-annually. If you do not know your filing status, please contact your local district office. To e-file, visit the TRD web page at . You can register for online filing by clicking the "sign up now" link.
SANTA FE ? The New Mexico Taxation and Revenue Department has published the July-December 2023 edition of its Gross Receipts Tax filer's kit. Effective July 1, 2023, the state portion of the Gross Receipts Tax will drop from the current 5% to 4.875%. That will affect the total rate in jurisdictions across New Mexico. New Gross Receipts Tax Filer's Kit available newmexico.gov ? New-filing-kit_SSC newmexico.gov ? New-filing-kit_SSC