How crypto tax works in Mexico
SAT treats virtual assets as intangible goods under the Fintech Law framework, so sales, swaps, and payments in crypto are taxed as enajenacion de bienes with gains measured in pesos.
Individuals stack gains onto progressive ISR up to 35%, companies pay 30%, and mining or staking rewards enter as service or business income at market value on receipt.
Coin disposals themselves carry no VAT, but platform commissions do at 16%, professional services paid in crypto trigger IVA on the service, and CFDI documentation proves acquisition cost.
Tax rates at a glance
- Investor gains
- Up to 35%
- Individual ISR top
- 35%
- Corporate ISR
- 30%
- Platform fee VAT
- 16%
- Mining rewards
- Ordinary rates
- Loss carryforward
- Restricted
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Long-term holdersActive tradersFreelancers paid in cryptoMinersExpats
Watch out for
- No SAT crypto page means positions rest on general law and Banxico restrictions, so aggressive interpretations lack a ruling to hide behind.
- Banxico's 2019 stance keeps banks and fintech institutions from offering crypto to the public, which pushes activity onto exchanges under anti-money-laundering registration rather than banking rails.
- Swap and payment disposals are taxable without peso proceeds, and professional traders need CFDI issuance that casual holders never face.
- CARF reporting plus domestic exchange data feeds steadily close the visibility gap that early adopters relied on.
Frequently asked questions
How is crypto taxed in Mexico?
Under general income rules as enajenacion de bienes: gains in pesos face progressive ISR up to 35% for individuals and 30% for companies. Mining and staking rewards are ordinary income on receipt.
Does VAT apply to crypto in Mexico?
Not on the coin disposal itself, but 16% VAT applies to platform commissions, and services paid in crypto trigger IVA on the service value in pesos.
Can crypto losses offset gains in Mexico?
Losses offset same-type gains within the year under general rules, with no carryforward for individuals in the general regime. Documentation decides what survives review.