If you are a reseller. If you are a reseller, using NTTCs may exempt you from paying gross receipts taxes on qualified purchases. After registering with ...

Some customers are exempt from paying gross receipts tax under New Mexico law. Examples include government agencies, some nonprofit organizations, and merchants ... Sales tax 101 · Sales tax nexus · Filing and remittance

Exception: receipts from selling dairy products at retail are not exempt. NOTE: this exemption also applies to governmental gross receipts tax. 2. Receipts of ...

The state does not have a sales tax; instead it assesses a gross receipts tax on merchants. Individually billed accounts (IBA) are not exempt from the gross ...

20 дек. 2020 г. · Exemptions from gross receipts are receipts that are not taxable and do not have to be reported.

The base state sales tax rate in New Mexico is 5.125%, but since the local rates range from 0-3.9372% the total sales tax range is 5.125-9.0625%.

12 янв. 2024 г. · This includes professional services offered such as architectural work and consulting services. These services are exempt from gross receipts ...

The New Mexico gross receipts tax rate in 2023 is 5.125%. This comprises a base rate of 5.125% plus a mandatory local rate up to 4.125%.

There are over 40 exemptions listed in New Mexico law. They apply to the gross receipts of specific organizations or under defined circumstances. An exempt ...

A customer must provide a nontaxable transaction certificate (NTTC) to a vendor as evidence of a deductible transaction.