Taxes · 🇲🇽 Mexico
Crypto and tokenized asset taxes in Mexico
No crypto-specific tax law: an individual's crypto gain is generally treated as a disposal of movable goods and added to annual income at progressive ISR rates.
Also in: es
Crypto
Gains
Progressive ISR on the gain, reported as 1.92%–35%; a 20% provisional payment on the sale amount may apply
Tax-free allowance
Reported: disposals of movable goods (other than shares) exempt up to 3 times the annual UMA (Art. 93 XIX b LISR); application to crypto not confirmed by SAT
Losses
No clear official rule for crypto losses found.
Also
Habitual or business-like trading can be taxed as business income with monthly provisional payments. Cost basis is hard to prove because foreign exchanges do not issue CFDI invoices.
Income and tokenized assets
Staking, lending, yield
Staking and mining may create taxable income under general accrual rules; there is no specific SAT guidance for staking, lending, DeFi yield or airdrops.
Tokenized stocks, bonds, funds
No specific guidance. Mexican-listed shares sold through a stock exchange have their own regime, but no SAT criterion says whether a tokenized stock, ETF or fund unit gets that treatment or is treated like crypto.
Filing
Tax year
Calendar year; individual annual return (declaración anual) due in April of the following year
Reporting
Declare gains in the annual return. Regular crypto activity can be a 'vulnerable activity' under anti-money-laundering law, with registration and reporting duties. Mexico committed to the OECD CARF in 2023 and expects to be fully incorporated from 2027.
Tax authority
Watch out
- Keep your own records of purchase price: without CFDIs from foreign exchanges, SAT can dispute your cost.
- The 3-UMA exemption figure comes from secondary sources; SAT has not confirmed it for crypto.
- VAT treatment of crypto disposals is disputed among advisers.
Sources
- Forvis Mazars — Taxation of cryptoassets in Mexico · forvismazars.com
- BDO México — Tratamiento fiscal de criptomonedas (PDF) · bdomexico.com
- IDC Online — Enajenación de bienes muebles en la anual · idconline.mx
- Xataka — PRODECON: venta de criptomonedas e ISR 20% · xataka.com.mx
- Rankia — Fiscalidad de criptomonedas en México · rankia.mx
Not confirmed
- Rate range 1.92%–35% and the 3-UMA exemption amount (about MXN 128,000 per Rankia) not confirmed in an official SAT text.
- Reports that Mexico applies CARF or real-time platform access from 1 April 2026 (secondary sources) not confirmed; Forvis Mazars says 2027.
- Tax treatment of tokenized securities and tokenized gold: no SAT guidance found.
- Treatment of crypto losses not confirmed.
Researched 2026-11-01 for private individuals resident in Mexico. Information, not tax advice — rules change; check the tax authority before you file.