Show Subnavigation

What is an agent for the collection of compensating tax, and what is required?

If the taxpayer has nexus with New Mexico, but the sales transaction is not subject to gross receipts tax, the taxpayer may be obligated to act as an agent for the collection of compensating tax. By New Mexico law, Section 7-9-10 NMSA 1978  the taxpayer is required to collect compensating tax from the buyer and pay it to TRD.

back to list
View Our Most Popular Pages & Services
Latest News:
Secretary Demesia Padilla

Secretary Demesia Padilla,CPA

Learn more about secretary Padilla

Online Services

Find an Online Service to Serve Your Needs

Taxation and Revenue New Mexico

1100 South St. Francis Drive
Santa Fe, NM 87504
(505) 827-0700

TRD Home          Privacy & Security          Site Policies          Accessibility/Non-Discrimination Statement          
About Us          Contact Us      Site MapLink to New Mexico Tax and Revenue Facebook Page

call us E-Mail Contact Us