Mexico Crypto Taxation: Rules, Rates, and What You Must Know

When you buy, sell, or trade cryptocurrency in Mexico crypto taxation, the legal framework that governs how digital assets are treated for tax purposes in Mexico. Also known as crypto tax laws in Mexico, it treats cryptocurrencies as assets, not currency—meaning every trade, sale, or exchange can trigger a taxable event. Unlike countries that have clear crypto-specific tax codes, Mexico uses its existing income and capital gains rules to handle digital assets, which makes it confusing for many users.

If you sell Bitcoin for pesos, trade Ethereum for USDT, or use crypto to buy goods, you’re likely creating a taxable gain. The Mexican tax authority, the Servicio de Administración Tributaria (SAT), which enforces tax compliance for individuals and businesses in Mexico doesn’t require you to report holdings, but it does require you to report profits. There’s no flat rate—instead, gains are added to your annual income and taxed at progressive rates, up to 35%. If you’re trading frequently, you could be classified as a business, which means even higher obligations. And while there’s no 1% TDS like in India, you still need to keep detailed records: dates, amounts, values in pesos at time of trade, and transaction IDs.

Many people assume that because crypto is decentralized, it’s invisible to the government. But that’s changing fast. Banks in Mexico now report large cash deposits, and exchanges operating locally—like Bitso and Binance Mexico—are required to share user data with SAT under anti-money laundering rules. If you’ve earned crypto from airdrops, staking, or mining, that’s also taxable income. Even if you didn’t convert it to fiat, the moment you receive it, it has a market value—and that value becomes your cost basis for future sales.

There’s no official crypto tax software approved in Mexico, but tools like Koinly or CoinTracker can help you calculate your gains in pesos using historical exchange rates. The key is consistency: use the same method every year. Filing is done through the SAT’s online portal, and while penalties for underreporting aren’t always enforced, audits are increasing. If you’ve held crypto for more than a year, you might qualify for lower long-term gains treatment—but only if you can prove the purchase date and value.

What you’ll find below are real guides that cut through the noise. We’ve pulled together posts that explain how to track your trades, spot scams pretending to be tax advisors, compare crypto exchanges that report to Mexican authorities, and understand what happens if you ignore your tax duties. Whether you’re a casual holder or an active trader, the rules apply to you. Don’t wait for an audit to learn the hard way.