Quick Answer: This post offers information on how to register for a sales tax permit in New Mexico. Registration is best completed online via the New Mexico Taxation and Revenue website. More detailed information is included below.
Registration Fee: The sales tax permit registration fee in New Mexico is free.
Renewal Required?: Sales tax permit renewal is not required in New Mexico.
Turnaround Time: In New Mexico, it usually takes 24-48 hours after applying.
Do You Need to Get a Sales Tax Permit in New Mexico?
The first step in registering for a sales tax permit is determining if you even need one. In general, you need a sales tax permit in New Mexico if you have a physical presence or meet economic nexus requirements. For more detailed information on the necessity of getting a permit, you can learn more at our blog post “Do You Need to Get a Sales Tax Permit in New Mexico?”
If you are not sure where you should get sales tax permits, we can help determine that for you with our Sales Tax Starter Kit Service.
Once you’re sure you need a sales tax permit in New Mexico, you can proceed with registering.
Types of Sales Tax Permits Available
New Mexico refers to its sales tax as a Gross Receipts tax and when you register you will be issued a Combined Reporting System (CRS) ID number. There currently is no charge to apply for a New Mexico CRS number.
If you’re already feeling a little overwhelmed, you should know that we can handle the entire permit registration process for you with our Sales Tax Permit Registration Service.
Where to Register for a New Mexico Sales Tax Permit
There are two ways to register for a permit in New Mexico, either by paper application or via the online website. We recommend submitting the application via the online website as it will generally be processed faster and you will receive a confirmation upon submission. Having a submission confirmation will help in the event that your application is not processed on-time, or in the event that it is not processed at all (which unfortunately can happen every now and again).
Online Application Location: The best place to register for a sales tax permit with the state of New Mexico is on their website at https://tap.state.nm.us/tap/_/
Paper Application Location: Application for Business Tax Identification Number
Where to Go if You Need Help Registering for a Sales Tax Permit in New Mexico
If you are stuck or have questions, you can either contact the state of New Mexico directly or reach out to us and we can register for a sales tax permit on your behalf.
How to contact the New Mexico Taxation and Revenue Department if you have questions: You can contact the New Mexico Taxation and Revenue Department at (505) 827-0700.
How to contact TaxValet if you want someone to handle your permit registration for you: You can learn more about our sales tax permit registration service by clicking here.
Information Needed to Register for a Sales Tax Permit in New Mexico
Before you begin the process of registering with the state, make sure you have access to the following information:
- Federal tax ID, typically called the EIN, issued by the IRS
- Knowledge of your business entity structure
- Business owner information
- North American Industry Classification System (NAICS) number
- Start date with the state of New Mexico
To get started, choose the link titled “Apply for a CRS ID” on the website.
What Happens After You Apply for a Sales Tax Permit in New Mexico?
You should receive your New Mexico CRS ID in the mail within 7-14 days.
Once you receive the permit, then you can access your online account with the username and password you created when applying.
You will go to https://tap.state.nm.us/tap/_/ and enter your login information to gain access to your account.
If at any point you are stuck and want a team of experts to handle all of this for you, don’t hesitate to contact us.
