Proceedings of the International Conference on Law, Public Policy, and Human Rights (ICLaPH 2023)

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Legal Protection and Implementation of Tax Laws for Non-Fungible Token (NFT) in Indonesia

Authors
Ujang Badru Jaman1, *, Galuh Ratna Putri1, Indri Aprianti1, M. Taufik Hidayatullah1
1Law Study Program, Nusa Putra University, Sukabumi, West Java, Indonesia
*Corresponding author. Email: Ujang.badru@nusaputra.ac.id
Corresponding Author
Ujang Badru Jaman
Available Online 30 August 2024.
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.

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Volume Title
Proceedings of the International Conference on Law, Public Policy, and Human Rights (ICLaPH 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
30 August 2024
ISBN
978-2-38476-279-8
ISSN
2352-5398
DOI
10.2991/978-2-38476-279-8_24How to use a DOI?
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

risenwbib
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  -