❗Tax alert from my crypto grave❗ How to understand crypto taxes simply (for newcomers who don't want fines).
If you are new to Binance and you are afraid of the SAT or any tax authority, this is the most important thing you should know (real data 2026).
What the tax system sees in almost all countries: The government does not look at the price of crypto. It only looks at 2 big numbers:
📥] How much you deposited
📤] How much you withdrew or converted to your local currency
If you withdraw/convert more than you deposited
= taxable gain If you withdraw/convert less = loss (that you can compensate later)
How the tax is calculated:
Gain = (Selling price × quantity) – (Buying price × quantity) – commissions
In Mexico:
It is declared as income in your annual ISR declaration.
Progressive rate up to 35% (depends on your total income).
(Even $0.02 pesos count. Easy fines can reach thousands of dollars if you don't declare)
👉🏻] To make my life easier, I keep everything in a simple Excel with these columns (Later I will share it for free and optimized):
Purchase / sale dates
Purchase / sale price (in dollars)
Commissions
Gain or loss
Classification (In process / Completed / Closed)
This way everything is automatic, reconciled with deposits and withdrawals, and I am never caught off guard.
A raw advice: keep track of every movement from day 1. The SAT and many institutions do not warn you until it is too late and they impose a big fine.
📋] If you have more questions, do not hesitate to ask me for help, my data is based on experiences and knowledge acquired through a degree in accounting (In Process) + courses or practices that are still ongoing including finance, taxes, and personal finance.
(All data is based on official government websites, journalistic notes about fines are attached; La verdad Noticias, INFOBAE, Los Contadores, Despacho Contable)
(And regarding tax data: HACIENDA, SAT Portal, Tax system of Chile and Argentina)
#Impuestos #ISR #Fiscos