Does New Mexico Have Online Sales Tax? New Mexico Sales Tax Overview

• Tax Rates: New Mexico state sales tax rate is 5.125% but can be as high as 9.0625% depending on local municipalities.
• Tax Filing: Sales tax must be filed and remitted monthly, quarterly, or semiannually in New Mexico.

Gross Receipts Tax in New Mexico

• Threshold: The requirement for gross receipts tax collection in New Mexico is $100,000 in yearly sales.
• Marketplace Facilitators: They must collect and remit tax if sales through their platform exceed $100,000 in a year.

Destination-Based Sales Tax Policy in New Mexico

• Sales within New Mexico are taxed based on the address of the buyer.
• Out-of-state sales are not taxed in New Mexico.

Taxation of Digital Goods in New Mexico

• Taxable Digital Goods: Digital goods delivered to customers in New Mexico are subject to taxation, including canned software and digital products.
• Sales Tax Nexus: Businesses must collect sales tax on digital products sold in the state and adhere to tax regulations.