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Employee RelationsClick here to access the current New Mexico Gross Receipts Tax GRT map directly on the New Mexico Taxation Revenue website httpwwwtaxnewmexico.
The gross receipts tax rate imposed by the State of New Mexico is 5125 then depending on the location of the business a local-government gross receipts.
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New Mexico Sales Tax Guide Accountingprose Blog. New Mexico Statutes Chapter 7 Taxation 7-9-4 FindLaw. NM GRT Tax Rate Schedule updated for January 2020. Government Gross Receipts Tax GGRT Taxation Issues. Property and Gross Receipts Tax Rates 2012 Gallup NM. New Law Requires Tax to Be Disclosed on NM Sales Receipts. What is taxable gross receipts?
Summary New Mexico has a gross receipts tax structure for businesses instead of a sales tax Businesses are taxed on the gross amount of their.
Gross receipts are taxable exempt or deductible The receipt is taxable if no specific exemption or deduction applies to it.
