Even small New Mexico businesses need a Seller’s Permit if selling retail or wholesale. A Seller’s Permit is required regardless of merchandise. Licensing requires getting a wholesale license and business license.
You need a seller’s permit if selling tangible goods or services in New Mexico and collecting sales tax. This is required for stores, online retailers, and service providers. The seller’s permit can also be called a sales tax license or sales and use tax permit.
To apply for a sales tax permit, register with New Mexico’s Taxation and Revenue Department. After registering, complete the application.
The only state-level permit or license is the seller’s permit, also called the gross receipts tax registration. You must register if selling taxable goods or services.
You can register online for a seller’s permit by providing business information like name, address, EIN, projected sales, products sold, etc. STSP can process applications and get required resale certificates and seller’s permits.
To apply, register with New Mexico’s Taxation and Revenue Department.
The seller’s permit, also called the gross receipts tax registration, is required if selling taxable goods or services.
It typically takes 7-10 business days to receive a permit after submitting the application.
What is the difference between a reseller permit and a seller permit? A seller’s permit allows collecting and remitting sales tax, while a resale certificate enables purchasing items tax-free for reselling.
While a seller’s permit is necessary to legally do business in a state, a resale certificate is only needed if making tax-exempt purchases from suppliers/wholesalers.