Crypto tax in Mexico
Rules verified in September 2026.
Short term
1.92–35%
Long term
1.92–35%
Threshold
None (3 UMA exemption disputed)
Annual allowance
3× annual UMA exemption ≈ MX$128,384 (2026), if applicable to crypto
Cost method
FIFO
Legislation
LISR arts. 93 XIX b), 119–128, 152; Ley Fintech art. 30
In short
Mexico taxes crypto gains under progressive ISR from 1.92% to 35%, as a disposal of assets. Article 93 XIX b) of the LISR exempts the annual gain from selling movable property up to 3 annual UMA (≈MX$128,384 in 2026), but excludes 'inversiones', and its application to crypto is not confirmed by the SAT. No holding period exempts gains, but the cost is indexed to inflation (INPC) and the gain is spread over the years held, up to 20, to set the rate (art. 120 LISR), which lowers it; the calculator does not do this.
Key points
- Progressive ISR from 1.92% to 35% (art. 152 LISR)
- Cost indexed by INPC and gain spread over the years held (max. 20) to set the rate (art. 120 LISR)
- Annual exemption up to 3 UMA (≈MX$128,384 in 2026): application to crypto disputed
- 20% provisional payment on the gross amount for transactions ≥ MX$227,400 (art. 126); exchanges do not withhold
- Crypto-to-crypto swaps are taxed (barter); the law sets no method: FIFO or average cost is used consistently
- Annual return in April
Frequently asked questions
How much tax do you pay on crypto in Mexico?
1.92–35%. Mexico taxes crypto gains under progressive ISR from 1.92% to 35%, as a disposal of assets. Article 93 XIX b) of the LISR exempts the annual gain from selling movable property up to 3 annual UMA (≈MX$128,384 in 2026), but excludes 'inversiones', and its application to crypto is not confirmed by the SAT. No holding period exempts gains, but the cost is indexed to inflation (INPC) and the gain is spread over the years held, up to 20, to set the rate (art. 120 LISR), which lowers it; the calculator does not do this.
Is there an annual allowance on crypto gains in Mexico?
Possibly: art. 93 XIX b) LISR exempts up to 3 annual UMA (≈MX$128,384 in 2026) on the sale of movable property, but excludes 'inversiones' and the SAT has not confirmed it applies to crypto. The calculator does not apply it.
Which method is used to match buys and sells?
It depends on the country: FIFO (the first unit bought is the first sold) in Portugal, Spain, Germany or Belgium; weighted average cost in France, Luxembourg or Brazil; LIFO in Italy; the Section 104 pool in the UK. ChainFolioAI applies the chosen country's method to your history (in some countries with a simplification, stated on this page) and exports the result.
Calculate on your own history
The rate is only half the problem. To file, you need to match each disposal to the right acquisition under the country's method (FIFO, average cost, LIFO…), convert to your currency at the date of each transaction, and separate short-term from long-term. ChainFolioAI does this from your transactions — connect wallets read-only or import a CSV from your exchange — and exports to PDF or Excel.
This country's method: FIFO. Mexican law sets no method; the calculator uses FIFO. It does not apply art. 120 LISR (cost indexed by INPC and gain spread over the years held), which lowers the tax for longer holdings. Confirm the figure to declare with an accountant.
Other countries
⚠️ General information, not tax advice. Rules change and your situation may have specifics (residency, professional activity, staking, mining). Confirm with an accountant or your tax authority before filing. ChainFolioAI is not an exchange or a crypto-asset service provider and does not report your data to any tax authority: reporting duties (DAC8, CARF) fall on exchanges. The reports you export are yours alone.