Cryptocurrency Capital Gains Mexico

When you sell or trade cryptocurrency capital gains, the profit you make from selling Bitcoin, Ethereum, or other digital assets after holding them, Mexico treats it as taxable income. Unlike some countries, Mexico doesn’t have a specific crypto tax law—but the tax authority, SAT, classifies crypto as an asset. That means every time you sell, trade, or spend it for something valuable, you trigger a capital gain. And yes, you need to report it.

It’s not about how much you earned in pesos—it’s about the difference between what you paid for the crypto and what you got when you sold it. If you bought 0.5 BTC for 150,000 MXN and sold it later for 250,000 MXN, your capital gain, the profit from selling an asset is 100,000 MXN. That’s taxable. The Mexican tax authority, the government body responsible for collecting taxes in Mexico doesn’t care if you used Binance, Bitso, or a P2P app. If you made money, they want to know.

Here’s the catch: Mexico doesn’t have a flat crypto tax rate. Your gain gets added to your total annual income and taxed at progressive rates—ranging from 1.92% to 35%. If you’re an individual, you report it under Income from Capital Gains in your annual tax return. If you’re a business, it’s treated as regular business income. No one’s auditing every trade—but if you’re earning over 400,000 MXN a year, the SAT will notice unreported gains. And with blockchain analysis tools becoming more common, even small traders are getting flagged.

What about airdrops or staking rewards? Those count too. If you get 10 AQT tokens for free, their value at the time you receive them becomes your cost basis. Later, when you sell them, the gain is the difference between that value and your sale price. Same with earning interest on DeFi platforms—every payout is income. You don’t need to pay tax until you sell, but you must track every transaction. Most people forget this part and end up underpaying.

And don’t assume using a foreign exchange protects you. Mexico taxes its residents on worldwide income. If you live there and trade on Binance or Kraken, you still owe taxes. The SAT has been pushing for international data sharing, and more exchanges are now required to report Mexican users. Ignorance isn’t a defense.

What you’ll find below are real guides from people who’ve been through it. You’ll see how to calculate gains without spreadsheets, how to handle losses to reduce your bill, and what documents to keep in case SAT asks. Some posts cover how to report crypto income using SAT’s online portal. Others warn about scams pretending to be tax help. There’s even a breakdown of how Mexico’s rules compare to Colombia’s—because if you’re trading across borders, you need to know both.