Mexico Compliance Report

Regulatory Overview

Regulatory Status

Outright ban on crypto ownership, trading, or mining

Primary Legislation

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Travel Rule

Not adopted

Tax Reporting

**Individuals**: Progressive rates from 1.92% to **35%** on net gains (disposal proceeds minus inflation-adjusted acquisition cost, using FIFO, identified cost, or average cost methods); no loss deductions allowed; annual exemption on movable property gains up to **MXN 1,829,811.95** (~USD 90,000–100,000, varying by source and year).[1][2][3]. **Corporations**: Flat **30%** rate on all income, including crypto; monthly advance payments based on profit quotient; accrual basis recognition.[1][4][5]. Advance payments: Individuals withhold **20%** on gross amounts over **MXN 4,623,324.86**; corporations follow general monthly rules.[3]. **Individuals**: Report gains on annual tax return (Declaración Anual, due April) via Schedule 5 (capital gains) or Schedule 1 (mining/staking); retain records 5 years; track worldwide income.[1][2][3][7]. **Businesses/Corporations**: Monthly ISR advance payments; separate declarations if transactions exceed **MXN 50,000** (~USD 2,700) per Fintech Law; accrual accounting; expense deductions (e.g., mining electricity) require documentation.[2][4][5]

Key Facts

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