New Mexico gross receipts tax returns are due by the 25th of the month after the close of your reporting period. Whether that means twelve deadlines a year, four, or two depends on the filing frequency the Taxation and Revenue Department has assigned you. The New Mexico gross receipts tax due dates below cover all three schedules, plus what happens when the 25th lands on a weekend and what it costs if you miss it.
Which Filing Schedule Applies to You
The department sets your frequency based on your average monthly gross receipts tax liability:
- Average liability above $200 per month: monthly filing.
- Average liability below $200 per month: you may qualify for quarterly filing.
- Average liability under $100 per month: the department may allow semiannual filing.
These thresholds come from department regulation rather than a single statute, and the department can move you to a different schedule if your sales volume changes. Your Taxpayer Access Point (TAP) account shows the schedule currently assigned to your account, so check there before you rely on any particular set of dates.
Monthly Filing Due Dates
Monthly filers have twelve deadlines a year. Each return covers one calendar month and is due by the 25th of the following month:
- January activity: due February 25
- February activity: due March 25
- March activity: due April 25
- April activity: due May 25
- May activity: due June 25
- June activity: due July 25
- July activity: due August 25
- August activity: due September 25
- September activity: due October 25
- October activity: due November 25
- November activity: due December 25
- December activity: due January 25 of the following year
Quarterly Filing Due Dates
Quarterly filers report four times a year. Each return covers a three-month period:
- First quarter (January through March): due April 25
- Second quarter (April through June): due July 25
- Third quarter (July through September): due October 25
- Fourth quarter (October through December): due January 25
Semiannual Filing Due Dates
Semiannual filers have just two deadlines a year:
- January through June: due July 25
- July through December: due January 25
Fewer deadlines sounds easier, but each return covers six months of activity. A missed semiannual deadline means penalties and interest run against a much larger accumulated tax bill than a missed monthly return would.
When the 25th Falls on a Weekend or Holiday
If the 25th lands on a Saturday, Sunday, or state holiday, the deadline generally moves to the next business day. Don’t rely on that automatic shift as a planning cushion; build your filing routine around the 25th itself and treat any shift as a safety margin rather than a scheduled extension.
How to File by the Deadline
Gross receipts tax filing and payment are electronic for all filers. You submit through the department’s Taxpayer Access Point (TAP) and pay by ACH debit, credit card, or electronic check.1New Mexico Taxation and Revenue Department. Gross Receipts Tax Overview Waivers from the electronic requirement exist in limited circumstances and are requested using Form RPD-41350 or RPD-41351.2New Mexico Taxation and Revenue Department. E-Filing and E-Pay Mandates Overview
The current return is Form TRD-41413, the Gross Receipts Tax Return. If you remember the older CRS-1 that combined multiple tax types, that form was replaced in July 2021, and gross receipts tax has been reported separately on the TRD-41413 ever since.3New Mexico Taxation and Revenue Department. FYI-105 Gross Receipts and Compensating Taxes – An Overview Have your New Mexico Business Tax Identification Number (BTIN) and the correct location code for each place your business activity occurs ready before you start the return.
What a Missed Deadline Costs
Miss the 25th and two separate charges start running: a penalty and interest.
The penalty is 2% of the unpaid tax for each month or partial month the return is late, with a $5 minimum and a 20% ceiling on the total. It applies whether you filed late, paid late, or both. If the department finds willful evasion rather than negligence, the penalty jumps to 50% of the tax owed or $25, whichever is greater.4Justia Law. New Mexico Code 7-1-69 – Civil Penalty for Failure to Pay Tax or File Return
Interest runs on top of the penalty. Under NMSA 1978, Section 7-1-67, it starts the day after the tax was due and does not stop until you pay. The rate is tied to the federal underpayment rate under Internal Revenue Code Section 6621 and is computed daily.5Justia Law. New Mexico Code 7-1-67 – Interest on Deficiencies A filing extension from the secretary does not pause interest; it keeps accruing even while your extended return is pending.6Justia Law. New Mexico Code 7-1-13 – Taxpayer Returns
Two narrow reliefs are worth knowing. If the department demands payment and you pay within ten days, the penalty stops accruing for the period after the demand. And if a good-faith mistake of law caused the late payment, no penalty is assessed, though interest still applies.4Justia Law. New Mexico Code 7-1-69 – Civil Penalty for Failure to Pay Tax or File Return
Checking Your Assigned Frequency
If you’ve never confirmed what schedule the department has you on, log in to TAP before the next 25th. The schedule shown there is the one that governs your due dates, and it controls which set of deadlines above applies to your account. If your liability has grown or shrunk since you were last assigned a frequency, expect the department to adjust the schedule accordingly, and watch your TAP account for the change.