New Mexico

New Mexico does not have a formal sales tax, but imposes a 5.125%–8.8675% gross receipts tax on nearly all purchases of gold, silver, and numismatic items.

Zang International is not a tax advisory firm, and this information is provided for general educational purposes only. It should not be relied upon as legal or tax advice and does not represent a complete summary of applicable sales tax laws or requirements in any state or jurisdiction. Tax laws vary by location and are subject to change. For the most accurate and up-to-date guidance, please consult a qualified tax professional or the official Department of Revenue website for your state.