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Action Needed by June 30, 2021: New Mexico releases new tax forms

What is happening

Effective for the June 1st filing period, filed in July 2021, the New Mexico Taxation and Revenue Department will separate existing tax programs and release new forms for the newly separated business tax programs:

  • Governmental Gross Receipts Tax
  • Gross Receipts Tax
  • Compensating Tax
  • Interstate Telecommunication Tax
  • Leased Vehicle Gross Receipts and Surcharge Tax
  • Non-wage Withholding Tax
  • Wage Withholding Tax​

The state will no longer support the NM SRS1 Long Form (Combined).

As of the June 1st filing period (filed in July, 2021), Avalara will support these two forms:

  • Gross Receipts Tax Return (form USNMTRD41413) for Sales and Sellers Use Tax
  • Compensating Tax Returns (form USNMTRD41412) for Consumer Use Tax

Avalara will not support these tax types:

  • Governmental Gross Receipts Tax
  • Leased Vehicle Gross Receipts and Surcharge Tax
  • Non-wage Withholding Tax
  • Wage Withholding Tax​

Your registration ID will remain the same for all tax types, but the formatting of the registration will change.  The CRS number was converted to the Business Tax Identification Number (NMBTIN) and will remain the same across all applicable tax programs.

What you need to do

Existing AvaTax Returns customers who have an active NM scheduled return in AvaTax

  • Avalara will expire the NM SRS1 Long Form (Combined), and will update to the Gross Receipts Tax return (form USNMTRD41413) with an effective date of 6/1/2021.
  • If your company reports Consumer use tax:
  • By June 30, 2021, in Avalara AvaTax, create a new filing request  for the NM Compensating Tax return (form USNMTRD41412), effective 6/1/2021.

 

New AvaTax Returns customers or existing customers who have a new filing obligation in NM

You will need to create a new filing request in Avalara AvaTax, for the NM Gross Receipts Tax Return (for sales and sellers use tax) and / or the NM Compensating Tax Return (for consumer use).