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

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 thereis 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.