Crypto Tax Rules Mexico: What You Need to Know in 2025

When you buy, sell, or trade cryptocurrency in Mexico, you’re not just moving digital assets—you’re creating taxable events. The Crypto tax rules Mexico, the official guidelines issued by Mexico’s tax authority, the SAT, that define how cryptocurrency transactions are treated for income and capital gains purposes. Also known as Mexican crypto regulations, these rules treat crypto like property, not currency, meaning every trade, sale, or conversion can trigger a tax liability. Unlike countries with clear crypto exemptions, Mexico doesn’t offer a personal use exception. If you swap ETH for USDT, sell BTC for pesos, or use crypto to buy a laptop, the SAT sees that as a sale—and you owe taxes on any profit.

That’s why the SAT, Mexico’s Tax Administration Service, the federal agency responsible for enforcing tax laws and collecting revenue, including from digital asset transactions requires you to track every transaction. You need to record the date, amount in MXN at the time of trade, and the cost basis. Even airdrops and staking rewards count as income when you receive them. The cryptocurrency taxes Mexico, the system under which individuals and businesses must declare gains from crypto transactions to the SAT, including sales, exchanges, and rewards are enforced through annual tax filings. If you made over 100,000 MXN in crypto gains last year, you’re required to file a tax return. Failing to report can lead to audits, fines, or even criminal charges for tax evasion.

Many Mexicans use crypto to protect savings from inflation, but that doesn’t make transactions tax-free. Whether you’re trading on Binance, using Luno to buy BTC, or earning rewards from Veno Finance, the SAT expects you to report it. The good news? You can deduct transaction fees and losses. If you bought TKN and sold it at a loss, that loss can offset gains from other trades. But you must keep records—no receipts, no deduction. The crypto reporting Mexico, the process of documenting and submitting cryptocurrency transaction data to the SAT for tax compliance purposes isn’t optional. It’s the same as reporting income from a side job.

What you won’t find in official documents is clarity on DeFi or NFTs. The SAT hasn’t issued specific guidance on liquidity pools, yield farming, or NFT sales. But they’ve made it clear: if you profit, you owe tax. That means if you staked ATOM on Cronos and earned rewards, or sold an NFT for ETH, you need to calculate the value in pesos at the time of receipt or sale. There’s no gray area—only unreported activity.

Below, you’ll find real-world examples of how crypto transactions are taxed in Mexico, what tools people actually use to track their records, and how others are navigating the gray zones without breaking the law. No fluff. No theory. Just what you need to stay compliant in 2025.