TITLE:
THE VALUE-ADDED TAX (VAT) MODEL FOR DIGITAL CRYPTOCURRENCY TRANSACTIONS IN INDONESIA
AUTHORS:
Muhammad Nur, Rosmawati, M.Ikbal. A
DOI: 10.5110/77. 1608 Page: 74-82 Vol: 19 Issue: 06 Year: 2024
ABSTRACT
This research aims to understand the model of value-added tax collection on digital cryptocurrency transactions in Indonesia. The type of research conducted in this study is a qualitative approach, which is a research procedure that produces descriptive data in the form of written or spoken words from people and observed behaviors. The data collection techniques used are observation, interviews, and documentation. Observation involves systematic observation and recording of visible phenomena on the research object, interviews involve a meeting of two people to exchange information and ideas through questioning and answering to construct meaning in a specific topic, and documentation method is a data collection method through records, books, newspapers, magazines, inscriptions, minutes, agendas, or even pictures. The data analysis method used in this study is descriptive analysis, a process of analyzing data to describe an overall analysis of the presented data without using statistical formulas or measurements. The data analysis in this study uses an inductive thinking pattern. The results of this research show that the VAT registration procedures for crypto companies in Indonesia are generally the same as other companies; when meeting the requirements to have a Taxpayer Identification Number (NPWP), registration is mandatory. The VAT collection process for crypto companies in Indonesia has been well regulated, including the collection of taxes on the sale and purchase of crypto assets, the exchange of crypto assets, and the exchange of crypto assets for goods or services. The VAT collection determines the amount to be paid when conducting crypto asset transactions.
Keywords:
VAT, Cryptocurrency, Digital, Transactions
Received: 08 June 2024
Accepted: 22 June 2024
Published: 27 June 2024
