New mexico gross receipts tax7/25/2023 You do not act as a conduit that passes through the tax from the buyer to the state. The first is based on state law that says gross receipts tax is the liability of the seller (you). No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.įor more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 2, 1801 K Street NW, Washington, DC 20006.There are two ways to answer this question. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. Read an August 2022 report prepared by KPMG LLP The proposed rules state that the “receipts of a provider of digital advertising services, whose digital platform may be accessed or viewed from within New Mexico, from the sale of advertising services to advertisers within and without New Mexico are subject to the gross receipts tax.” The rules also state that the levy of gross receipts tax on such advertising receipts “does not impose an unconstitutional burden on interstate commerce.” A public hearing on the proposed rules is scheduled to be held on September 8, 2022, and interested parties may submit written comments on or before the date of the hearing.
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