LKPM Reporting in Indonesia: Requirements & Deadlines

LKPM (Laporan Kegiatan Penanaman Modal) is Indonesia’s mandatory Investment Activity Report used to report investment realization, workforce, production, licensing compliance, investment obligations, and business constraints through the OSS system. Under the current rules, small businesses generally report every six months, while medium and large businesses report quarterly.

For companies operating in Indonesia, obtaining a Business Identification Number (Nomor Induk Berusaha or NIB) is only the beginning of business licensing compliance.

Once a business activity has been registered, certain businesses must periodically report how their investment is progressing through the Investment Activity Report, commonly known by its Indonesian abbreviation LKPM.

LKPM enables the Indonesian government to monitor whether the investment plans registered in the Online Single Submission (OSS) system correspond with actual investment realization, employment, production, licensing compliance, and other investment obligations.

The current framework is primarily regulated by Minister of Investment and Downstream Industry/Head of BKPM Regulation No. 5 of 2025, which became effective on 2 October 2025 and replaced several earlier BKPM regulations, including Regulation No. 5 of 2021.

This distinction is important because some online LKPM guides still refer to previous filing schedules and requirements.

What Is an LKPM Report?

LKPM stands for Laporan Kegiatan Penanaman Modal, or Investment Activity Report.

It is a periodic report submitted by business actors through the OSS system to provide information about the realization and development of their investment activities.

Under the current regulation, LKPM covers the development of investment realization and fulfillment of investment obligations. Companies generally report information relating to:

• investment realization;
• workforce realization;
• realization of production of goods and/or services;
• fulfillment of basic requirements and business licensing;
• fulfillment of investment obligations and responsibilities; and
• obstacles encountered during the implementation of the investment.

The reporting obligation applies to each relevant business activity and location after the business actor obtains an NIB.

This means LKPM should not be understood simply as a company-level financial report.

Where one company operates several registered business activities or projects in different locations, the reporting structure can be connected to the individual activities and project locations recorded in OSS.

What Is the Purpose of LKPM Reporting?

LKPM functions primarily as an investment-monitoring instrument.

Through LKPM data, the government can compare a company’s investment plan with the investment that has actually been realized.

The information also allows the authorities to monitor matters such as employment creation, production development, implementation of licensing obligations, and difficulties faced by investors.

Under the current regulatory framework, OSS also processes compliance data obtained from verified LKPM submissions to determine a business actor’s compliance profile.

Therefore, LKPM should not be treated merely as a repetitive administrative filing.

The consistency and accuracy of the report form part of the government’s ongoing supervision of the company’s investment activities.

Is LKPM Reporting Mandatory in Indonesia?

Yes, but an important distinction must be made based on the scale of the business.

Under the current regulation:

• micro-scale businesses are generally not required to submit the regular LKPM investment realization report;
• small-scale businesses generally submit LKPM every six months; and
• medium and large-scale businesses generally submit LKPM every three months.

Business activities financed through the Indonesian State Budget (APBN) or Regional Budget (APBD) are also excluded from this regular reporting requirement.

This is one area where businesses should be careful when relying on older internet articles.

Some previous LKPM guides broadly state that every company must submit a quarterly LKPM. Under the current regulation, the reporting frequency depends on the business scale.

Does a PT PMA Have to Submit LKPM?

A PT PMA (foreign investment limited liability company) will generally be subject to LKPM reporting because foreign investment companies are classified as large-scale businesses for investment purposes.

Consequently, a typical PT PMA should expect to submit its investment realization LKPM quarterly through OSS.

The obligation does not disappear simply because the company:

• has not generated substantial revenue;
• has only recently been established;
• is still constructing or preparing the project;
• has not reached its total planned investment; or
• has not yet begun full commercial operations.

Instead, for medium and large businesses the reporting format distinguishes between the preparation stage and the operational and/or commercial stage.

This distinction is particularly relevant for newly established PT PMA companies.

LKPM Preparation Stage vs Operational and Commercial Stage

Medium and large businesses do not necessarily use exactly the same LKPM reporting format throughout the life of a project.

LKPM Preparation Stage

The preparation-stage LKPM applies to business activities that have not yet become operational and/or entered commercial transactions.

During this stage, the report focuses heavily on the progress of the investment itself.

The official format generally includes items such as investment planning and realization, fixed capital components, working capital, and workforce realization.

For example, a PT PMA developing a new accommodation project may still have substantial investment realization even though the accommodation has not yet opened to customers.

LKPM Operational and/or Commercial Stage

Once the relevant business activity is ready for or has commenced operational and/or commercial activities, the company moves to the operational/commercial reporting stage.

The operational format includes investment realization, employment, and information regarding the realization of production or services, among other data.

Companies should therefore ensure that the project’s operational status recorded in OSS reflects its actual condition.

What Data Must Be Reported in LKPM?

The current regulatory framework identifies several principal categories of information included in investment realization LKPM reporting.

1. Investment Realization

Companies must report investment that has actually been realized during the reporting period.

This is different from merely repeating the investment plan entered when the business activity was initially registered.

Depending on the applicable reporting stage, investment realization may include components of fixed capital and working capital.

Companies should maintain supporting accounting records so that the figures entered into OSS can be reconciled with actual business expenditures.

2. Workforce Realization

LKPM also records the realization of employment associated with the relevant business activity.

The official formats distinguish Indonesian and foreign workers and may include information concerning workforce additions and reductions during the reporting period.

Employment figures should therefore be prepared consistently rather than estimated immediately before the filing deadline.

3. Production of Goods and/or Services

For businesses already in the operational or commercial stage, LKPM includes data regarding the realization of production of goods and/or services.

The relevant information depends on the nature of the KBLI and business activity.

4. Business Licensing Compliance

LKPM may also cover the fulfillment of:

• basic requirements;
• Business Licensing (Perizinan Berusaha or PB); and
• Business Licensing to Support Business Activities (PB UMKU).

This creates a direct connection between LKPM reporting and the company’s broader OSS licensing status.

5. Investment Obligations and Responsibilities

The regulation recognizes several investment-related responsibilities that may need to be reflected in the company’s compliance reporting.

These can include:

• training of Indonesian workers;
• technology transfer where applicable;
• partnerships;
• environmental management;
• good corporate governance;
• employment obligations;
• occupational safety, health and worker welfare; and
• corporate social responsibility.

The exact obligations applicable to a company should be assessed according to its business activities and regulatory status.

6. Business Constraints

Businesses can also report obstacles encountered in implementing their investment activities.

This may include practical or regulatory difficulties that affect the realization of the project.

Reporting constraints accurately is useful where there is a legitimate explanation for a difference between planned and actual investment progress.

When Is the LKPM Reporting Deadline in 2026?

One of the most important changes under the current framework concerns the filing deadline.

Several older resources still refer to the 10th day of the relevant month.

Under the current regulation, the regular deadline is generally the 15th.

LKPM Deadline for Medium and Large Businesses

Medium and large-scale businesses submit reports quarterly:

Reporting Period	Current Filing Deadline
Quarter I: January-March	15 April
Quarter II: April-June	15 July
Quarter III: July-September	15 October
Quarter IV: October-December	15 January of the following year

LKPM Deadline for Small Businesses

Small-scale businesses generally submit LKPM every six months:

Reporting Period	Filing Deadline
Semester I: January-June	15 July
Semester II: July-December	15 January of the following year

If a reporting deadline coincides with a national holiday, the reporting period may be adjusted through an official notification to business actors.

Why Do Some Websites Still Say the LKPM Deadline Is the 10th?

Because Indonesia’s LKPM regulatory framework has changed.

Older guidance commonly describes quarterly deadlines as:

• 10 April;
• 10 July;
• 10 October; and
• 10 January.

However, the current regulatory framework uses the 15th as the regular filing deadline for the relevant reporting periods.

For 2026 compliance, businesses should therefore rely on the current regulation and OSS requirements rather than relying solely on older online guidance.

How to Submit an LKPM Report Through OSS

LKPM is submitted electronically through the Online Single Submission system.

The exact interface may change as OSS is updated, but the general workflow can be understood as follows.

Step 1: Log In to the OSS Account

Access the company’s OSS account using the authorized business credentials.

Before preparing the report, confirm that the company’s:

• NIB;
• business activities;
• KBLI;
• project locations; and
• relevant business licences

are correctly recorded.

Step 2: Access the LKPM Reporting Feature

Open the relevant supervision or investment activity reporting section and select the applicable reporting period.

Because LKPM reporting is tied to registered business activities and locations, companies should review each reportable activity rather than assuming that one submission automatically covers every project.

Step 3: Select the Relevant Business Activity

Choose the relevant project or NKU (Nomor Kegiatan Usaha / Business Activity Number).

Certain basic company information can be automatically retrieved from OSS.

This may include information such as:

• company name;
• NIB;
• NKU;
• business activity;
• KBLI; and
• project location.

Step 4: Enter Investment Realization

Input the investment realized during the reporting period and verify the cumulative investment amount.

Companies should distinguish carefully between:

planned investment and actual investment realization.

They are not the same figure.

Step 5: Enter Workforce Data

Complete applicable workforce information, including additions or reductions during the reporting period.

Use company employment records as the supporting basis for the data.

Step 6: Complete Operational and Compliance Information

Depending on the business stage and OSS form, complete information regarding:

• production or service realization;
• licensing obligations;
• investment obligations;
• partnerships;
• environmental obligations; and
• business constraints.

Step 7: Review the Report Before Submission

Before submitting the report, compare the information against:

• the previous LKPM;
• accounting records;
• OSS investment plan;
• employee records;
• licences;
• project developments; and
• actual business operations.

Cumulative figures should logically reconcile from one reporting period to the next.

Step 8: Submit the LKPM

Submit the completed LKPM through OSS.

The company should retain the submission record and continue monitoring the system because submission does not necessarily mean the report has completed the entire verification process.

What Happens After LKPM Is Submitted?

The competent authority reviews and evaluates the LKPM through OSS.

The result may generally be:

• approval; or
• a request for correction.

Where a correction is requested, the company should update the relevant data before the applicable reporting period closes.

This is one reason businesses should avoid submitting LKPM at the last possible moment.

Earlier submission provides more time to identify and address any inconsistencies or correction requests.

Why Can a Company Not Create an LKPM Report in OSS?

This is one of the practical issues businesses frequently encounter.

There is no single reason why the LKPM option may be unavailable.

The Reporting Period Has Not Opened

LKPM reporting is period-based. The relevant reporting option may only become available according to the applicable schedule.

The Business Activity Is Not Subject to LKPM

For example, a micro-scale business may not be subject to the regular investment-realization LKPM requirement.

The Business Activity or Project Data Is Incomplete

Because LKPM relies on the business activity, NIB, NKU, KBLI, and project information recorded in OSS, incomplete or inconsistent project data may interfere with the reporting process.

The Business Activity Status Needs to Be Updated

Medium and large businesses use different reporting formats depending on whether the activity remains in the preparation stage or has become operational and/or commercial.

Where applicable, the company’s operational status in OSS may therefore need to reflect its actual business condition.

Previous LKPM Data Requires Attention

Unresolved previous submissions, correction requests, or inconsistent cumulative investment figures may need to be reviewed.

OSS Is Experiencing a System Issue

Technical problems or system updates can also temporarily affect the availability of LKPM features.

When the reason is unclear, businesses should first verify the NIB, NKU, business scale, KBLI, project location, licensing status, previous LKPM status, and current reporting period before assuming that no LKPM is required.

Can an LKPM Report Be Corrected?

Yes.

Corrections may be requested during the verification process.

Where the authority identifies incomplete or inconsistent information, the company may be required to amend the report through OSS.

Companies should therefore regularly monitor their OSS account after submission rather than considering the reporting process completed immediately after clicking submit.

What Happens If a Company Does Not Submit LKPM?

Failure to comply with LKPM reporting can result in administrative sanctions.

Under the current regulatory framework, repeated failure to submit the required report may result in progressively more serious measures, including:

1. first warning;
2. second warning;
3. third warning;
4. temporary suspension of business activities;
5. administrative fines where applicable; and
6. further enforcement measures where the violation continues.

Therefore, repeatedly ignoring LKPM should not be treated as a minor administrative issue.

A company’s LKPM history can form part of the government’s assessment of whether the business is actually implementing its registered investment activities.

Zero Investment Realization Can Also Create Compliance Issues

Companies should also be careful about repeatedly filing LKPM without additional investment realization.

A company may technically submit its report, but repeated periods showing no progress in investment realization can still trigger regulatory attention depending on the circumstances and business stage.

This is particularly relevant for PT PMA companies that maintain business activities in OSS while showing little or no progress toward their registered investment plan.

Where there is genuinely no additional investment realization, the company should ensure that:

• the report accurately reflects the actual condition;
• any relevant constraints are properly disclosed;
• previous and cumulative figures remain consistent; and
• the investment plan registered in OSS remains aligned with the company’s actual business development.

LKPM Is Reported Per Business Activity and Location

Another important point often overlooked in simplified LKPM guides is that LKPM is not necessarily a single company-wide report.

Reporting may apply to each relevant business activity and project location recorded in OSS.

This becomes particularly important when a company has:

• several active KBLI codes;
• multiple project locations;
• different investment projects; or
• business activities at different operational stages.

A PT PMA with several active business activities should therefore map its OSS projects before each reporting period and identify which activities require individual reporting.

LKPM vs Annual Report: What Is the Difference?

LKPM should not be confused with the corporate Annual Report (Laporan Tahunan) required under Indonesian company law.

They serve different purposes.

LKPM	Annual Report
Investment compliance report	Corporate governance report
Submitted through OSS	Considered through the corporate and GMS process
Quarterly or semesterly depending on scale	Generally annual
Focuses on investment realization and investment obligations	Covers company performance, financial statements, governance, and accountability
Connected to investment supervision	Connected to Limited Liability Company compliance

A PT PMA may therefore be required to comply with both LKPM reporting and annual corporate reporting.

Submitting one does not replace the other.

Investment Realization Is Not the Same as Company Capital

One area that frequently creates confusion in LKPM preparation is the distinction between company capital and investment realization.

Authorized capital, issued capital, paid-up capital, and investment value are related corporate and investment concepts, but they should not automatically be treated as identical figures.

For LKPM purposes, the company should report the investment that has actually been realized in connection with the relevant business activity.

Depending on the project, this may involve actual expenditure on:

• machinery and equipment;
• vehicles;
• office or operational equipment;
• construction;
• other fixed assets;
• working capital; and
• other eligible investment components.

Companies should therefore avoid simply copying their paid-up capital figure into the LKPM investment realization section without checking whether the amount accurately represents the investment that has actually been implemented.

Common LKPM Reporting Mistakes

Several mistakes appear repeatedly in practical LKPM compliance.

One common mistake is copying the investment realization figure from the previous quarter without reconciling current expenditure.

Another is confusing:

authorized capital,
paid-up capital, and
investment realization.

These concepts are not automatically interchangeable.

Other common problems include:

• reporting every active KBLI under one project without checking the NKU;
• failing to distinguish current-period investment from cumulative realization;
• inconsistent workforce data;
• failing to update operational status;
• reporting figures that do not correspond with actual project development;
• ignoring requests for correction from the verifier; and
• continuing to rely on the old 10th-day filing deadline.

An effective LKPM process should therefore involve coordination between the company’s legal, accounting, operational, and HR information.

Practical LKPM Compliance Checklist

Before submitting an LKPM, a company should verify that:

1. the correct reporting period has been selected;
2. every reportable business activity and project location has been identified;
3. investment realization figures are supported by company records;
4. current-period and cumulative investment figures reconcile;
5. workforce information is accurate;
6. production or service information reflects actual operations;
7. business licensing obligations have been reviewed;
8. project constraints have been properly described where relevant;
9. the report is submitted before the applicable deadline; and
10. the company monitors OSS for approval or a request for correction.

Maintaining a working LKPM schedule throughout the year is substantially safer than reconstructing several months of investment activity immediately before each filing deadline.