To obtain an NTTC in New Mexico, you must complete an application with the Department of Taxation and Revenue. Here are the steps to get started:
Applying for NTTC in New Mexico
- Complete the application for Nontaxable Transaction Certificates (NTTCs) such as ACD-31050.
- Submit the application either by paper or online for faster processing.
- Obtain a New Mexico Non-Taxable Transaction Certificate to cover qualified transactions.
NTTC Application Process
- Fill out the required forms like ACD-31015.
- Obtain a CRS Identification Number by registering with the New Mexico Taxation and Revenue Department.
For more details on NTTC, sales tax permits, and compliance in New Mexico, read on.
If you’re operating in New Mexico, it’s essential to understand the state’s sales tax regulations. Here are key details you need to know:
- Businesses must purchase a resale certificate annually.
- Sales tax is required for products shipped to New Mexico, except for exempt items like prescription medicine.
- New Mexico charges gross receipts tax based on services and tangible property.
More Information
- Fill out forms like ACD-31015 for a business tax identification number.
- Learn about the due date for filing gross receipts tax in New Mexico.
- Obtain a CRS number by registering with the state’s Taxation and Revenue Department.
Whether you’re selling goods or services in New Mexico, compliance with sales tax laws is crucial for business operations.