You must file a state tax return and if required pay state taxes on your business income.

New Mexico businesses are liable for many different types of state taxes and fees that are collected by the New Mexico Taxation and Revenue Department.  


Select the BUSINESSES link for information on your business tax obligations to the state. Information is provided on how to file and pay your taxes either online or by paper return, take certain tax credits, change your contact information and close or sell your business. Select the ALL NEW MEXICO TAXES link for detail information on each specific tax or select the FREQUENTLY ASKED QUESTIONS link for common questions.


State tax law is complicated. As a business owner you are encouraged to seek the advice and support of a professional when learning about and paying state taxes. 


Select the BUSINESS TAXES link for the three basic business taxes in New Mexico include gross receipts, compensating, and wage withholding.


Select the WORKERS’ COMPENSATION FEES link for the workers’ compensation insurance quarterly fee payment.


Select the UNEMPLOYMENT INSURANCE TAX AND WAGE REPORT link for the quarterly wage report and tax payment.


Select the SPECIAL CORPORATE TAXES link for corporate and corporate franchise income tax payment.