VAT on Gold in Mexico
Gold coins that have been money, onza troy pieces and retail sales of gold ingots of at least 99% purity are exempt from IVA. Gold jewellery sold at retail pays the general 16% IVA. Today 10 grams of 24K gold cost $23,462 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Mexico today, with tax
MXN · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 18K jewellery metal, with tax |
|---|---|---|---|
| 1 gram | $2,346 | $2,346 | $2,041 |
| 10 grams | $23,462 | $23,462 | $20,412 |
| 1 ounce (onza troy) | $72,975 | $72,975 | $63,489 |
| 100 grams | $234,622 | $234,622 | $204,121 |
| 1 kilo | $2,346,217 | $2,346,217 | $2,041,208 |
The rules in Mexico
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Gold coins that have been money, onza troy pieces and retail sales of gold ingots of at least 99% purity are exempt from IVA. Covers the Centenario and the gold Libertad, and gold bars of at least 99% purity sold at retail to the public. Gold and jewellery of at least 80% gold sold other than at retail are taxed at 0%. |
| Jewellery | 16% | Gold jewellery sold at retail pays the general 16% IVA. Charged on: full value. |
| Import duty | 0% | No import duty is built into local prices; Banco de México coins and bank prices follow the international price times the peso rate. |
| Tourist refund | Yes | Under Ley del IVA art. 31, foreign tourists leaving by air or sea can reclaim the IVA on goods with receipts of at least MXN 1,200 per shop, through an SAT-authorised operator that deducts its administration cost. PRODECON confirmed in June 2026 that tourists can request it. IVA is 13.8% of the price. |
Compared with nearby countries
| Country | Bars and coins | Jewellery | Import duty |
|---|---|---|---|
| Mexico | 0% | 16% | none |
| United States | 0% (0–10.55%) | 7.53% (0–about 12%) | none |
| Canada | 0% | 13% (5–15%) | none |
| Brazil | 1% | several taxes | none |
| Colombia | 19% | 19% | none |
| Peru | 0% | 18% | none |
VAT on Gold in Mexico: FAQ
Is there VAT on gold in Mexico?
Gold coins that have been money, onza troy pieces and retail sales of gold ingots of at least 99% purity are exempt from IVA. Gold jewellery sold at retail pays the general 16% IVA.
Do you pay VAT on gold bars and coins in Mexico?
Gold coins that have been money, onza troy pieces and retail sales of gold ingots of at least 99% purity are exempt from IVA. Covers the Centenario and the gold Libertad, and gold bars of at least 99% purity sold at retail to the public. Gold and jewellery of at least 80% gold sold other than at retail are taxed at 0%.
Is there import duty on gold in Mexico?
No import duty is built into local prices; Banco de México coins and bank prices follow the international price times the peso rate.
Can tourists claim back the VAT on gold in Mexico?
Yes. Under Ley del IVA art. 31, foreign tourists leaving by air or sea can reclaim the IVA on goods with receipts of at least MXN 1,200 per shop, through an SAT-authorised operator that deducts its administration cost. PRODECON confirmed in June 2026 that tourists can request it. IVA is 13.8% of the price.
Sources (3)
- Ley del IVA art. 31 (mLey.mx, citing Cámara de Diputados) (accessed 2026-10-26)
- Rankia: how gold and silver are taxed in Mexico (LIVA arts 2-A and 9) (accessed 2026-10-26)
- El Cronista: government refunds IVA to foreign tourists (2026-06-12)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.