Ready to Start Your LLC? Get professional formation and registered agent support from Northwest Registered Agent . • Read Our Review → Ready to Start Your LLC? Get Professional Help →
New Mexico Gross Receipts Tax | LLC School
New Mexico LLC · Step 6 of 8 · Check current official instructions

New Mexico LLC Gross Receipts Tax — Step 6 of 8

Since New Mexico has no annual report and no franchise tax, this is the one recurring compliance item that actually applies to most New Mexico LLCs: registering for a free Business Tax ID if you're "engaging in business" in the state. Here's how to tell if that's you, and how to register.

Ahmad AdilWritten by Ahmad Adil, LLC School · Check current official instructions
NM GROSS RECEIPTS TAX (GRT) 5.1%–9.4% VARIES BY LOCATION NO SALES TAX GRT INSTEAD
Quick Answer

If your LLC is "engaging in business" in New Mexico, register with the Taxation and Revenue Department for a free Business Tax Identification Number (NMBTIN) through the Taxpayer Access Point (TAP) portal. This covers Gross Receipts Tax (New Mexico's substitute for sales tax), and other programs like withholding tax if you have employees. Registration is always free and usually instant online.

Step 6 — Fast Facts
Registration cost
Free
Register at
tap.state.nm.us
GRT rate range
4.875%–10.8125%; verify location/period
Nexus threshold
At least $100k taxable NM receipts, prior calendar year
Instant online?
Usually, yes
Filing frequency
Monthly/Qtrly
Next step
Step 7 →
Your New Mexico LLC — 8 Steps
0Overview1Name Search2Registered Agent3Articles of Organization4Operating Agreement5EIN Number6Gross Receipts Tax7Business Licenses8LLC Taxes

What the Gross Receipts Tax Actually Is

New Mexico doesn't have a traditional sales tax. Instead, it uses the Gross Receipts Tax (GRT) — legally a tax on the business, not the customer, though the cost is nearly always passed on at checkout. It's broader than a normal sales tax because it applies to services as well as goods — legal, consulting, and accounting services are taxable here in a way they typically aren't elsewhere.

To collect and remit GRT (or handle withholding tax if you have employees), you need a New Mexico Business Tax Identification Number (NMBTIN) — formerly called a CRS number — from the Taxation and Revenue Department.

Do You Need to Register? Decision Finder

Check what applies to your situation and we'll tell you whether GRT registration is likely required:

Registration Decision Finder
Check what applies — see if you need to register
Which of these describe your New Mexico LLC?
I have a physical presence in New MexicoOffice, store, warehouse, or employees based in NM
I sell products or services to New Mexico customersAny in-state sales activity
My NM-sourced receipts exceeded $100,000 last yearEconomic nexus threshold — applies without physical presence
I have or will have employeesTriggers withholding tax registration
I operate entirely from another state, no NM salesNew Mexico LLC used only as a legal entity
Your likely requirements

How to Register

  • Go to the Taxpayer Access Point (TAP) at tap.state.nm.us and click "Create a Logon."
  • Select "Apply for a New Mexico Business Tax ID" and choose the accounts you need — Gross Receipts Tax, and withholding tax if you have employees.
  • Have your EIN ready — you'll need your federal EIN, business details, NAICS code, and estimated gross receipts.
  • Get your NMBTIN instantly in most cases, with a printed certificate arriving by mail in 7–14 days. There's no fee to register.

NM GRT is a tax on the business’s taxable gross receipts, with applicable exemptions/deductions and sourcing rules. For a business lacking physical presence, economic nexus includes at least $100,000 of taxable NM receipts in the previous calendar year; forming an NM LLC alone does not establish that receipts test. Physical-presence obligations are separate. TRD’s published FYI-105 reference range is 4.875%–10.8125%; use the current location code/rate map for the actual transaction, location and period rather than a fixed statewide rate. Service-sourcing exceptions and marketplace rules require separate review. Filing frequency and account requirements follow actual TRD rules; confirm the account notices.

Ahmad Adil's Take: This is the step people skip because New Mexico feels so hands-off — but skipping it is different from actually not owing it. If you genuinely have no New Mexico presence, no New Mexico customers, and stay under the $100,000 economic-nexus threshold, you likely don't need to register at all, and that's a real, legitimate outcome for a lot of holding companies and online businesses. But if you're operating in New Mexico even a little, register properly — it's free, it's fast, and it keeps you out of trouble with the one state agency that actually does track compliance here.
Optional Provider Service
Get Your New Mexico LLC Set Up Right
Verify current customer feedback directlyOptional filing assistance · Verify current terms directly
  • ✓Optional formation assistance; confirm filing scope, service pricing and submission responsibilities.
  • ✓Confirm registered-agent eligibility, coverage, included periods and renewal charges.
  • ✓Confirm template availability, suitability for your company and any additional costs.
  • ✓Review address-use rules and privacy policies; a service does not remove all information from public filings.
Current offer+ $50 NM state fee
Form My NM LLC →

Disclosure: LLC School may earn a commission via this link, at no cost to you. See our advertising disclosure.

Prior-Year Economic Nexus and Location-Specific Rates

NM GRT is a tax on the business’s taxable gross receipts, with applicable exemptions/deductions and sourcing rules. For a business lacking physical presence, economic nexus includes at least $100,000 of taxable NM receipts in the previous calendar year; forming an NM LLC alone does not establish that receipts test. Physical-presence obligations are separate. TRD’s published FYI-105 reference range is 4.875%–10.8125%; use the current location code/rate map for the actual transaction, location and period rather than a fixed statewide rate. Service-sourcing exceptions and marketplace rules require separate review.

NM Taxation GRT scope and rate lookup.

Frequently Asked Questions

New Mexico Gross Receipts Tax — FAQ

Does every New Mexico LLC need to register for Gross Receipts Tax?
NM GRT is a tax on the business’s taxable gross receipts, with applicable exemptions/deductions and sourcing rules. For a business lacking physical presence, economic nexus includes at least $100,000 of taxable NM receipts in the previous calendar year; forming an NM LLC alone does not establish that receipts test. Physical-presence obligations are separate. TRD’s published FYI-105 reference range is 4.875%–10.8125%; use the current location code/rate map for the actual transaction, location and period rather than a fixed statewide rate. Service-sourcing exceptions and marketplace rules require separate review.
How much does it cost to register for a New Mexico Business Tax ID?
It's free. The Taxation and Revenue Department doesn't charge a registration fee for an NMBTIN.
What is the Gross Receipts Tax rate in New Mexico?
NM GRT is a tax on the business’s taxable gross receipts, with applicable exemptions/deductions and sourcing rules. For a business lacking physical presence, economic nexus includes at least $100,000 of taxable NM receipts in the previous calendar year; forming an NM LLC alone does not establish that receipts test. Physical-presence obligations are separate. TRD’s published FYI-105 reference range is 4.875%–10.8125%; use the current location code/rate map for the actual transaction, location and period rather than a fixed statewide rate. Service-sourcing exceptions and marketplace rules require separate review.
What is the New Mexico economic nexus threshold?
NM GRT is a tax on the business’s taxable gross receipts, with applicable exemptions/deductions and sourcing rules. For a business lacking physical presence, economic nexus includes at least $100,000 of taxable NM receipts in the previous calendar year; forming an NM LLC alone does not establish that receipts test. Physical-presence obligations are separate. TRD’s published FYI-105 reference range is 4.875%–10.8125%; use the current location code/rate map for the actual transaction, location and period rather than a fixed statewide rate. Service-sourcing exceptions and marketplace rules require separate review.
How long does GRT registration take?
Registering online through TAP is usually instant — you receive your NMBTIN immediately in most cases, with a printed registration certificate arriving by mail in about 7–14 business days.
What is an NMBTIN?
A New Mexico Business Tax Identification Number — an 11-digit ID the Taxation and Revenue Department uses to track your tax accounts for Gross Receipts Tax, withholding, and related programs. It replaced the older "CRS number" system in 2021.
Is the NMBTIN the same as my EIN?
No. Your EIN is a federal tax ID from the IRS; your NMBTIN is a separate state tax ID from New Mexico. You'll need your EIN on hand to complete the NMBTIN application — see Step 5.
Ahmad Adil, founder of LLC School
About the Author
Ahmad Adil

Ahmad Adil is the founder and CEO of LLC School. For filing and ongoing compliance, confirm the requirements with the responsible state agency. This is educational information, not legal or tax advice.

About Ahmad Adil → New Mexico LLC Overview →
Up Next · Step 7 of 8
Get Your Business Licenses
Local and occupational licenses depending on your work.
Step 7: Business Licenses
Scroll to Top
0
Would love your thoughts, please comment.x
()
x