Mexico
No crypto-specific tax law. Taxed under general income tax (1.92-35% progressive). ~$4,000 annual exemption on movable property gains. 20% withholding tax on some transfers. 16% VAT applies.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Activity Taxes
Staking
Progressive income tax
Mining
Progressive income tax
DeFi
Progressive income tax
NFTs
Unclear
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
No holding period benefit
Regulation & Residency
Regulatory Body
SAT (Tax Administration Service); CNBV (Banking Commission)
Residency Requirement
Temporary/permanent residency available; relatively easy process
Reporting Requirements
Standard ISR (income tax) reporting
Citizenship & Residency Path
Temporary/permanent residency via income proof; citizenship after 5 years
Notable Conditions
- →No dedicated crypto tax code; patchwork of general tax rules
- →~90,000 MXN (~$4,000) annual exemption on movable property gains
- →20% withholding tax on certain crypto transfers involving Mexican entities
- →16% VAT on many crypto dealings
- →President Sheinbaum has not prioritized crypto reform
- →Morena party added tax clauses to existing laws rather than creating new framework
Living & Lifestyle
Cost of Living
Low
Banking Access
Good
Quality of Life
Moderate
Lifestyle Scores