How to register for a sales tax permit in New Mexico
by April 15, 2024
This post will walk you through registering for a sales tax permit in New Mexico. For more information about sales tax in New Mexico, check out our New Mexico Sales Tax Guide for Businesses page.
1. Who needs a sales tax permit in New Mexico?
While New Mexico does not have a sales tax, the state does have a gross receipts tax. This functions similarly to a sales tax. This tax is imposed on persons engaged in business in New Mexico.
Anyone engaged in business in New Mexico, which includes selling taxable tangible personal property or selling taxable services, must register with the Taxation and Revenue Department of New Mexico.
2. How do you register for a sales tax permit in New Mexico?
You can register online or mail in form ACD-31015. Many local tax offices or town halls also allow taxpayers to apply for their permit. Check with your local government authorities if you prefer to register for a gross receipts tax permit in person.
You need this information to register for a gross receipts tax permit in New Mexico:
- Personal identification info (SSN, address, etc.)
- Business identification info (EIN, address, etc.) – Business owners other than sole-proprietors/individuals with no employees must obtain a FEIN number from the IRS
- Business entity type
- Date started doing business in New Mexico
- Accounting method (cash/accrual)
- Primary business type
- Filing status (i.e. how often you will file, indicated by how much you expect to collect in gross receipts in New Mexico per year (see instructions or check out our New Mexico Sales Tax Guide for Businesses for more about filing frequency)
It’s free to apply for a gross receipts tax permit, but other New Mexico business registration fees may apply.
- Business identification information
- Major business activity
- Business entity type
- All business owners and officers
Let TaxJar manage your sales tax registrations
Before you can collect sales tax from customers, you must first register for a sales tax permit with the state. However, this process can be cumbersome and time consuming. See how TaxJar can manage this registration process for you.
Learn more3. Do you have to renew your New Mexico sales tax permit?
No.
4. How can I learn more about New Mexico sales tax?
- Read our New Mexico Sales Tax Guide for Businesses
- Find the best contact number to call the New Mexico Taxation and Revenue Department
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How TaxJar can streamline your registration process
TaxJar can handle the registration process for you. Visit our registration page to request our team of experts manage your sales tax registration on your behalf.
