Mexico Cryptocurrency Tax

Mexico does not have specific cryptocurrency legislation, but the SAT treats crypto transactions under existing income tax rules. Gains from selling or exchanging cryptocurrency are subject to income tax at the individual's marginal rate (up to 35%) as they are considered a form of income from the alienation of goods. Businesses that accept crypto payments must recognize income at the fair market value at the time of the transaction. Mexico's Fintech Law regulates virtual assets at the institutional level but does not provide specific tax guidance. Taxpayers are required to report all crypto transactions in their annual tax returns.