Taxes · MEX
Taxes in Mexico
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.
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.
Capital gains
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.
Type case, not tax advice: figures describe a single average earner and standard rates; your situation depends on residency, deductions and local rules. Verify with the tax authority before acting. — Fiatmap