New Mexico Adopts Regulation on Taxability of Receipts From Digital Advertising
By Peter G. Pupke, Esq. Effective December 19, 2023, New Mexico has adopted a regulation that specifies that receipts of a digital platform that displays digital advertising are subject to the state’s gross receipts tax (GRT). The state also amended a regulation on reporting GRT according to business location to add an example on reporting …
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