A “first purchaser” is a person engaging in business in New Mexico who manufactures tobacco products or who purchases tobacco products for resale.
Who is considered a “first purchaser”?
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Month: December 2020
What are considered tobacco products?
Any products, other than cigarettes, made from or containing tobacco are considered tobacco products.
How do I pay tobacco tax?
Pay Tobacco tax monthly using Form RPD-41192, Tobacco Products Tax Return.
How much is the tax?
The tax is twenty-five percent (25%) of the purchase cost of the product.
When is the tax due?
Pay the tax on or before the 25th day of the month following the month in which the taxable event occurs.
How often do gaming tax returns need to be filed?
File returns monthly even if the tax due is zero. Gaming tax returns are due on or before the 15th of the month following the close of the calendar month.
Who is required to file and pay?
Gaming Tax Manufacturer or distributor licensees who sell, lease or transfer gaming devices in the state must remit a gaming manufacturer and distributor tax of ten percent (10%) on their gross receipts from the transaction. Liquor Excise Tax Wholesalers who sell...
What is the gaming tax rate?
* The gaming tax imposed on manufacturers and distributors is at a rate of 10%. The gaming tax imposed on gaming operators is 10%. The gaming tax imposed on non-profit fraternal organization is 10%. The gaming tax imposed on a racetrack gaming operator 26%.
What form is used when paying the gaming tax on manufacturers and distributors?
Gaming device manufacturers and distributors should report gaming tax on Form RPD-41210, Manufacturer/Distributor Gaming Tax Return Gaming operators should report the tax on Form RPD-41209, Operator Gaming Tax Return
If I overpaid gaming tax, how do I obtain a refund?
Complete a corrected gaming tax form, either Form RPD-41210, Manufacturer/Distributor Gaming Tax Return or Form RPD-41209, Operator Gaming Tax Return (whichever is applicable) and Form RPD-41071, Application for Tax Refund and send them to the address on the gaming...