Bitcoin & cryptocurrency tax overview
Capital Gains Tax
Gains from crypto disposal are treated as income under the ISR (Ley del Impuesto sobre la Renta). Progressive rates apply from 1.92% to 35% for individuals, based on total annual income. Acquisition cost may be deducted. No separate capital gains regime exists.
Income Tax
Mining rewards, staking income, and other crypto receipts are treated as ordinary income subject to ISR at progressive rates of 1.92% to 35%. Income must be declared in the annual tax return. Withholding may apply if received via platforms.
VAT / GST
Under the Fintech Law (Ley Fintech, 2018), the SAT clarified that crypto transactions between individuals are generally exempt from VAT (IVA). However, commercial crypto services may attract 16% IVA.
Mining Tax
Miners operating as sole traders (personas fisicas con actividad empresarial) must register with SAT under business activity rules, report revenue as business income subject to ISR at progressive rates, and may deduct expenses. No special mining-specific tax regime exists.
Mexico taxes cryptocurrency gains and income as ordinary income under the ISR, with progressive rates reaching up to 35% for individuals. The 2018 Fintech Law (Ley Fintech) established a legal framework recognizing crypto as virtual assets, and the SAT requires individuals to report crypto transactions in their annual return. VAT generally does not apply to individual crypto transactions, but commercial crypto service providers may be subject to 16% IVA.
Community-sourced data. If you spot an error, please let us know.
This information is for general reference only and should not be considered tax advice. Tax laws change frequently and may vary based on individual circumstances, residency status, and transaction type. Always consult a qualified tax professional in your jurisdiction before making financial decisions based on this information.