Tax Changes Start July 1

The New Mexico Taxation and Revenue Department (TRD) and the New Mexico Economic Development Department (EDD) will hold a webinar on Wednesday, June 23, to assist businesses with transitioning to the new source-based gross receipts tax system and revised reporting website brought about by statutory changes that take effect on July 1, 2021. On that date, businesses will begin charging state, local, and special-district taxes based on the rates in effect where their goods or services are delivered.

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