Invoicing in New Mexico

Built-in handling of NM sales tax (4.875% state rate) and statutory late fees.

State sales tax

4.88%

Late fee max

1.5%/mo

Metros covered

4

Written contract req.

No

Create your first invoice free See pricing

New Mexico compliance at a glance

Sales tax: 4.88% state rate. GRT (gross receipts tax) 4.875% applies broadly including services.
Late fees: Up to 1.5% per month. (N.M. Stat. §56-8-3) Default 8.75%/yr; contract rates allowed.
Prompt-pay law: New Mexico Prompt Payment Act (N.M. Stat. §57-28-1 et seq.). Subs paid within 7 days of GC receiving payment; 1.5% per month interest if late.

New Mexico metros

New Mexico guides