Crypto Tax Mexico – ISR up to 35%
Mexico's SAT treats crypto gains as income under ISR. Progressive rates up to 35% apply; Ley Fintech governs exchange operations.
Mexico's tax authority (SAT – Servicio de Administración Tributaria) classifies cryptocurrency as an "intangible asset." Gains are taxed under Impuesto Sobre la Renta (ISR) at progressive rates from 1.92% to 35%, depending on total annual income.
CoinTaxReporting calculates your Mexican ISR on crypto in MXN, applies cost basis per transaction, and generates a SAT-compatible income summary for your annual declaración anual.
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How is crypto taxed in Mexico?
Crypto gains are taxed as income under ISR at progressive rates from 1.92% to 35%, depending on your annual income bracket.
What is the SAT Ley Fintech?
Mexico's Ley Fintech (2018) regulates financial technology institutions including crypto exchanges, requiring SAT registration and CFDI fiscal receipts.
Are staking rewards taxable in Mexico?
Yes. Staking and mining income is taxable as ordinary income under ISR at marginal rates.
Mexico Crypto Tax: SAT ISR & Ley Fintech
Mexico's Servicio de Administración Tributaria (SAT) classifies crypto as an intangible asset and taxes gains under Impuesto Sobre la Renta (ISR). Gains are added to your total annual income and taxed at Mexico's progressive ISR scale, which tops out at 35% above MXN 3,000,000. Below MXN 125,000 annual income the effective rate is just 1.92%.
Mexico's Ley Fintech (2018) requires all crypto exchanges operating in Mexico to register as Instituciones de Tecnología Financiera (ITF) and issue CFDI electronic fiscal receipts for every transaction. This means Mexican exchanges generate reportable fiscal records automatically. Cross-border platforms are not regulated but taxpayers must still self-report.
Key Mexico Crypto Tax Facts
- Taxing authority: SAT (Servicio de Administración Tributaria), sat.gob.mx
- Tax type: ISR (Impuesto Sobre la Renta) – income tax
- Rate: Progressive 1.92%–35% on total annual income
- Cost basis: Acquisition cost in MXN on transaction date
- Staking/mining: Ordinary income at marginal ISR rate
- Reporting: Declaración Anual (annual return), due April 30 for individuals
CoinTaxReporting converts all transactions to MXN at daily exchange rates, computes ISR under the progressive schedule, and delivers a declaración anual-ready crypto income statement.