Introduction
Beyond extending the LKPM reporting deadline, BKPM Regulation No. 5 of 2025 (Perka BKPM 5/2025) also introduces a major change in investment realization reporting (LKPM).
The regulation narrows the list of exemptions, meaning more business sectors must now report through the OSS-RBA system.
This change, stated in Article 286(2) of Perka BKPM 5/2025, strengthens transparency and unifies investment reporting across industries.
All Businesses Must File LKPM — With Two Exceptions
Under the new rule, all business entities must submit LKPM, except:
- Micro enterprises, and
- Businesses funded by the State or Regional Budget (APBN/APBD).
A micro enterprise is defined as a business with up to IDR 1 billion in capital (excluding land and buildings) or annual sales of up to IDR 2 billion.
This ensures that only the smallest-scale businesses and state-funded projects remain excluded from regular investment reporting.
Sectors No Longer Exempt
Previously, several sectors were exempt from submitting LKPM reports, including:
- Upstream oil and gas (hulu migas),
- Banking,
- Non-bank financial institutions, and
- Insurance.
These sectors had separate reporting systems under their own regulators.
Now, under BKPM Regulation 5/2025, those exemptions are revoked.
All businesses in these sectors must submit LKPM through the OSS-RBA platform according to their reporting schedule.
This adjustment integrates financial and investment reporting into a single national framework.
Compliance Requirements for Affected Sectors
Companies that were previously exempt — such as oil and gas, banking, and financial institutions — must now adapt to new reporting standards.
They are required to:
- Maintain active OSS-RBA accounts;
- Prepare investment realization data consistent with sectoral reports;
- Submit LKPM on a quarterly or semiannual basis; and
- Coordinate internal teams to align LKPM with existing financial reports.
These actions ensure smooth compliance and avoid administrative penalties.
The change also helps the government monitor capital flows more accurately.
Strengthening Transparency and Oversight
By removing these exemptions, Indonesia can collect comprehensive investment data from all sectors.
This move improves policy planning and aligns Indonesia with global standards for transparency and accountability.
It also promotes stronger coordination between BKPM, financial regulators, and ministries, ensuring consistent national data for investment statistics and evaluation.
Conclusion
The revocation of LKPM exemptions under BKPM Regulation No. 5/2025 reflects Indonesia’s continued push toward standardized investment reporting.
By requiring previously exempt sectors — such as oil and gas, banking, and insurance — to report through the OSS-RBA, the government ensures broader compliance and more reliable data for policymaking.
Businesses in these industries should act now to integrate LKPM submissions into their compliance systems and coordinate with BKPM to ensure timely reporting.