New Mexico Gross Receipts Tax Rates

Posted by on February 21, 2018

New Mexico Gross Receipts Tax Rates

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New Mexico Taxation And Revenue. Gross receipts means the total amount of money or other consideration received from the above activities. Although the gross receipts tax is imposed on businesses, it is common for a business to pass the gross receipts tax on to the purchaser either by separately stating it on the invoice or by combining the tax with the selling price.

NM Taxation And Revenue Department. Gross Receipts Tax Rates the product of which is initially used in New Mexico. Gross receipts means the total amount of money or other consideration received from the above activities. Although the gross receipts tax is imposed on businesses, it is common for a business to pass the gross receipts tax on to the purchaser either by separately stating it on the invoice or by combining the tax

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New Mexico Gross Receipts Tax Rates

New Mexico Taxation And Revenue. Gross Receipts Tax Rates - NM Taxation and Revenue Department 10217; Welcome to New Mexico Taxation & Revenue Department - NM Taxation and Revenue Department 8343; Gross Receipts Overview - NM Taxation and Revenue Department 8373; Refunds - NM Taxation and Revenue Department 8306

Gross Receipts Tax In New Mexico. According to the New Mexico Taxation and Revenue Department, gross receipts refers to the total amount of money or other consideration received by an entity from selling property in New Mexico, leasing or licensing property employed in New Mexico, granting a right to use a franchise employed in New Mexico, performing services in New Mexico, and

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Get A Handle On Gross Receipts Tax If Doing Business In. The tax is imposed on the gross receipts of businesses or people who sell property, perform services, lease or license property or license a franchise in New Mexico. The same goes for those who sell research and development services performed outside New Mexico when the resulting product is initially used here.

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