Legal Protection and Implementation of Tax Laws for Non-Fungible Token (NFT) in Indonesia
- DOI
- 10.2991/978-2-38476-279-8_24How to use a DOI?
- Keywords
- NFT; Intelectual Property Rights; Tax Law; Legal; Regiulations
- Abstract
This study examines the implementation of the NFT phenomenon and how legal protection and tax enforcement are for NFTs. Non-Fungible Tokens or NFTs are digital assets that can be traded with cryptocurrencies, NFT assets themselves consist of digital art, music, moving images (GIFs), videos and several other digital assets. This study uses a normative juridical research method with a statutory approach, which in this paper analyzes how legal protection is in laws and regulations for works of non-fungible tokens (NFT) and examines the taxation of NFTs. This study obtained the result that there is no legal regulations regarding the existence of NFTs in Indonesia, which aims to create guarantees of protection and legal certainty. In addition, NFT does not yet have tax law provisions, therefore it is necessary to formulate these NFT tax law provisions.
- Copyright
- © 2024 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Ujang Badru Jaman AU - Galuh Ratna Putri AU - Indri Aprianti AU - M. Taufik Hidayatullah PY - 2024 DA - 2024/08/30 TI - Legal Protection and Implementation of Tax Laws for Non-Fungible Token (NFT) in Indonesia BT - Proceedings of the International Conference on Law, Public Policy, and Human Rights (ICLaPH 2023) PB - Atlantis Press SP - 214 EP - 221 SN - 2352-5398 UR - https://doi.org/10.2991/978-2-38476-279-8_24 DO - 10.2991/978-2-38476-279-8_24 ID - Jaman2024 ER -