Resources Law by State New Mexico Sales Tax Rate

New Mexico Sales Tax Rate

The state of New Mexico does not have a sales tax. It instead has a statewide gross receipts tax of 5%, with municipalities assessing an additional gross receipts tax. The gross receipts tax rate is between 5.375% and 8.5625% throughout the state. In New Mexico's gross receipts tax, all receipts from sales of goods or service within the state are taxed (with the exception of food for offsite consumption, such as grocery store sales).

The state does not prohibit retailers from collecting this tax directly from the consumer, so the gross receipts tax is commonly just passed on from the retailer to the consumer as if it were a sales tax.

Contact Sales Tax Accountants today for free tax assessment and sales tax questions. Call 1-877-254-0990.

Thanks to Sales Tax Accountants our company was able to avoid an expensive audit and save tens of thousands
James Turner - Retail Supply Services

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