The New Mexico Taxation and Revenue Department recently updated Publication FYI-104, New Mexico Withholding Tax. This publication outlines general information for employers and businesses responsible for calculating, withholding, and remitting withholding tax reports and payments to the New Mexico Taxation and Revenue Department.
The most recent update maintained the language within the publication, and the only updates were to the withholding tables within the publication. This update was made due to certain changes in the federal tax law, and are effective for tax year 2018.
To review this publication in its entirety, please click here and navigate to the Publications folder of the website page tree.