Bitso Taxes: How to Generate Your Crypto Tax Report
Bitso does not create a tax report for you. Every crypto trade and disposal is a potential tax event you are responsible for declaring. CoinTracking imports your full Bitso transaction history via CSV export, calculates gains and losses, and generates a tax report ready for your tax authority or accountant.
How to Import Your Bitso Transactions into CoinTracking
Watch how to export your transaction history from Bitso as a CSV file and import it into CoinTracking to generate your crypto tax report.
Start Your Free Bitso Import- Every crypto trade on Bitso is a taxable disposal in most jurisdictions. Capital gains tax applies when you sell, swap or spend crypto.
- Export your Bitso transaction history as a CSV file and upload it to CoinTracking to generate your complete tax report.
- Transfers between your own wallets are not taxable events. Buying and holding crypto is not a taxable event.
Bitso and Your Tax Obligations
Bitso is Latin America's leading crypto exchange, headquartered in Mexico City. It is regulated by the Comisión Nacional Bancaria y de Valores (CNBV) under Mexico's Fintech Law and serves millions of users across the Latin American region. Bitso is not subject to EU financial regulations.
Despite Bitso's non-EU status, users residing in Europe are still legally required to declare and pay tax on crypto gains in their home country. Bitso will not report your trades to EU tax authorities on your behalf.
CoinTracking supports Bitso via CSV file upload:
- Bitso Transaction CSV: downloaded from your Bitso account activity or history section
- All crypto buy and sell transactions are supported
- CoinTracking maps Bitso CSV columns automatically
- Supports multiple jurisdictions including all major EU countries, the UK, US, and more
Crypto Tax Basics: What Bitso Users Need to Know
Tax rules for crypto vary across jurisdictions. These three principles apply broadly to Bitso users, but always verify the specifics with your local tax authority or a qualified advisor.
Trading crypto is a taxable disposal
In most countries, every sale, swap or use of crypto is a taxable event. Capital gains tax applies to the difference between what you paid (cost basis) and what you received. Transfers between your own wallets do not trigger tax.
Bitso is regulated in Mexico — not subject to EU rules
As Latin America's leading regulated crypto exchange, Bitso holds a licence under Mexico's Fintech Law and is supervised by the CNBV. It operates primarily in Mexico, Argentina, Brazil, Colombia and other LATAM markets. Bitso is not an EU-regulated entity and is not subject to the DAC8 directive, which applies only to crypto asset service providers operating within the EU. European users of Bitso are not protected or tracked by EU reporting frameworks — they must proactively self-declare their gains.
Records are your responsibility
Bitso does not issue formal tax documents. The CSV export is a raw transaction history — not a tax report. Accurate records of every trade, date, cost and proceeds remain your responsibility. CoinTracking maintains a complete, dated audit trail of every Bitso transaction you import and applies the correct cost-basis method for your selected jurisdiction.
Bitso Taxes by Country
Crypto tax rules differ by market. Below are the key rates, deadlines and filing forms for the countries where CoinTracking users trade most actively on Bitso.
Germany
- Disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist)
- Annual exemption: Gains up to €1,000/year are tax-free
- Staking income: Taxed as other income (Sonstige Einkünfte)
- Cost basis: FIFO per wallet
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal.
- Staking and lending: Treated as capital income, also taxed at 27.5%.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
Switzerland
- Capital gains: Generally tax-free for private investors (no capital gains tax on crypto disposals for non-professionals)
- Wealth tax: Crypto holdings are subject to wealth tax at cantonal rates based on year-end market value
- Income from crypto: Mining and staking rewards are taxed as income at progressive rates
- Authority: Cantonal tax authority (varies by canton)
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- Staking income: Income Tax at marginal rate
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Staking income: Taxed as savings income
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Staking income: Taxed as capital income at 19%
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Staking income: Taxed as capital income at 26%
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
Portugal
- Disposal tax: 28% on gains from crypto held less than 1 year (from 2023)
- Long-term holding: Tax-free on disposal if held 1 year or longer
- Staking income: Taxed at 35% flat rate or progressive income tax rates
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prélèvement forfaitaire unique (PFU) — 12.8% income tax + 17.2% social charges.
- No exemption for holding period: Unlike Germany, there is no tax-free threshold after 1 year.
- Staking income: Taxed as BNC (non-commercial income) if received regularly; otherwise as capital gains.
- Authority: Direction générale des Finances publiques (DGFiP). Declare via Formulaire 2086.
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Bitso Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it can trigger capital gains tax. Use this as a starting reference. The exact rules vary by country.
Taxable Events
- Selling crypto for fiat (MXN, EUR, USD, etc.)
- Swapping crypto for crypto
- Using crypto to pay for goods or services
- Receiving crypto as income or reward
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own wallets
- Depositing fiat to Bitso
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Bitso Taxes
Bitso's CSV export contains your raw trade history — but converting that into an accurate tax report requires calculating cost basis, holding periods and gains for every transaction.
The core calculation is straightforward: take what you received (proceeds), subtract what you paid (cost basis, calculated with FIFO), and the result is your taxable gain or loss. For German users, the 1-year holding period must also be tracked for each individual lot.
CoinTracking automates this across your full Bitso history and produces a report your accountant or local tax authority will accept. The report can be tailored to the tax rules of your specific jurisdiction.
How to Import Bitso into CoinTracking
Three steps to upload your Bitso transaction history and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you connect all your exchanges, wallets and blockchains.
- 2
Search for Bitso in the import list
Type "Bitso" in the search field. CoinTracking will show the Bitso import option for CSV upload.
- 3
Upload your Bitso transaction history
Log into Bitso, navigate to your transaction history, select your time period, download the CSV file, and upload it to CoinTracking. CoinTracking will automatically map your Bitso data and calculate your gains.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Bitso
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Export your Bitso transaction history
Log into Bitso, navigate to your transaction history section, select your time period, and download the CSV file.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Bitso does not generate a tax report for users. It provides a transaction history export in CSV format. You are responsible for converting that data into a jurisdiction-specific tax report. CoinTracking imports your Bitso CSV and generates a complete, compliant report for your country.
Log into your Bitso account and navigate to your transaction history or account activity section. Select the time period you want to export and download the CSV file. Then upload the CSV file directly into CoinTracking to generate your tax report.
Yes. Bitso is regulated in Mexico by the Comisión Nacional Bancaria y de Valores (CNBV) under the Fintech Law. It is Latin America's leading regulated crypto exchange. However, Bitso is a non-EU exchange and is not subject to EU financial regulations such as DAC8. If you are a European resident trading on Bitso, your tax obligations are governed by your home country's laws — not by any reporting Bitso makes to EU authorities.
No. Bitso is a Mexican exchange and is not subject to the EU DAC8 directive, which requires EU-regulated crypto asset service providers to automatically report user data to European tax authorities. European users of Bitso are still required to self-declare their crypto gains to their local tax authority — Bitso will not do this on their behalf.
In most EU countries, yes. Every sale, swap, or disposal of cryptocurrency is a taxable event regardless of which exchange you used. The gain or loss is the difference between your cost basis and the proceeds at the time of disposal. Tax-free thresholds and holding periods vary: Germany offers a 1-year exemption, Austria a flat 27.5% rate, Portugal a 1-year exemption for holdings since 2023. CoinTracking calculates your gains according to the rules of your selected jurisdiction.
Bitso does not offer a public API integration for tax software at this time. The recommended method for importing your Bitso transaction data into CoinTracking is via CSV file export. CoinTracking fully supports the Bitso CSV format and automatically maps your transaction data for tax calculations.
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