New Mexico doesn't have a traditional sales tax — it has a Gross Receipts Tax (GRT) imposed on the seller. Almost every business operating in NM needs a Combined Reporting System (CRS) registration with the Taxation and Revenue Department. Here's the practical breakdown.
Get a free Combined Reporting System (CRS) identification number from the NM Taxation and Revenue Department before you make your first sale. Apply online through the Taxpayer Access Point (TAP) portal.
Gross receipts tax applies to receipts from selling property in NM, performing services in NM, leasing property used in NM, and granting franchises and licenses. Many services taxable here aren't taxable in other states.
GRT is a state base rate plus county and municipal increments — total rates typically run 5.125% to 9% depending on where the sale is sourced. Always look up the rate for your business's location.
For physical goods, the GRT rate is based on where the goods are delivered. For services, it's where the buyer makes initial use. Get this wrong and you'll under- or over-collect.
Most small businesses file monthly; some qualify for quarterly or semi-annual based on liability size. Returns are due the 25th of the month following the reporting period.
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