Gross Receipt Tax

Hello, Everyone,

Does anyone have to pay GRT (Gross Receipt Tax) for their services?

New Mexico has GRT, which means you have to pay taxes based on the counties in which you complete the signing.

So let’s say that you charge $125 for an assignment. The taxes in that county are 7.3125 per job, which means that is about $9.14 that goes to GRT.

Does anyone include their taxes in their fees or do you just eat the GRT as a part of doing business?

I would take that into consideration when establishing and quoting my fee…I would not just absorb that fee

1 Like

Thank you, Linda, for your response. It is a quandry.