New Mexico: Sales Tax Handbook
How to file your sales taxes in New Mexico
Once your business has a New Mexico sales tax license and begins to make sales, you are required to start collecting sales taxes on behalf of the New Mexico government and filing regular sales tax returns. This page will help you understand the basics of your tax collection and filing responsibilities.
How To Collect Sales Tax In New Mexico
Sales Tax Collection Discounts In New Mexico
While many states allow merchants to keep a small percentage of the sales tax they collect as a collection discount, or compensation for the work put in collecting the tax on behalf of the state, New Mexico does not currently allow this.
Your New Mexico Sales Tax Filing Requirements
Your New Mexico Sales Tax Filing Frequency & Due Dates
Your business's sales tax return must be filed by the 25th of the month following reporting period. For a list of this year's actual due dates, see our calendar of New Mexico sales tax filing due dates.
Where To File Your New Mexico Sales Tax Return:
Filing Your New Mexico Sales Tax Returns Online
New Mexico supports electronic filing of sales tax returns, which is often much faster than filing via mail.
New Mexico allows businesses to make sales tax payments electronically via the internet.Taxpayers whose average tax payment over the course of the prior calendar year was twenty five thousand dollars or greater are required to pay by utilizing the EFT or any other method of payment that is specifically allowed by the state's statute.
You can process your required sales tax filings and payments online using the official New Mexico Taxpayer Access Point (TAP) website, which can be found here . You should have received credentials to access your New Mexico Taxpayer Access Point (TAP) account when you applied for your New Mexico sales tax license.
Filing Your New Mexico Sales Tax Returns Offline
While it is highly recommended that you file online using the New Mexico Taxpayer Access Point (TAP) website, it is possible to file your required sales tax reportings offline using New Mexico Form CRS-1, which you can download and print here . Once you have completed your required reportings, you can mail it to the state at this address:New Mexico Sales Tax Filing Address: NM Taxation and Revenue Department
P.O. Box 25128
Santa Fe, NM 87504-5128
Please note that if you file your New Mexico sales taxes by mail, it may take significantly longer to process your returns and payments.
Simplify New Mexico sales tax compliance! We provide sales tax rate databases for businesses who manage their own sales taxes, and can also connect you with firms that can completely automate the sales tax calculation and filing process. Click here to get more information.
Back to New Mexico Sales Tax Handbook Top