LKPM Reporting: A Guide for PMA Companies

Written By Rony .

Key Takeaways

  • LKPM is a mandatory quarterly obligation for all PMA companies, regardless of business stage or level of investment activity in a given period.

  • Missing two consecutive submissions can trigger a formal warning letter from BKPM — act promptly if you have received one.

  • Deadlines are fixed: 15 April, 15 July, 15 October, and 15 January. Mark these in your calendar every year.

  • Substance now matters: BKPM is increasingly scrutinising the investment realisation amounts reported, not just whether a submission was made. Ensure your figures are accurate and reconciled.

  • Check your registered email: BKPM sends reminders and warning letters to the email on file — make sure it is current and monitored.

  • When in doubt, seek assistance: If prior submissions are flagged or you are unsure of your company's reporting obligations, consult with a professional before the deadline.

What is LKPM?

LKPM stands for Laporan Kegiatan Penanaman Modal (“Investment Activity Report”). It is a periodic report that foreign investment companies (perusahaan penanaman modal asing - "PMA companies") are legally required to submit to the Indonesian Investment Coordinating Board (“BKPM”) documenting the realisation of their investment activities in Indonesia. The obligation to submit LKPM is grounded in Indonesia's investment framework and the report captures key data points such as capital expenditure realised, workforce numbers, project stage progress, and other investment-related activities.

Why Must PMA Companies Submit LKPM?

LKPM submission serves several purposes:

  • It allows the government to monitor whether foreign investment commitments are being realised in practice

  • It supports policy planning and investment data at the national level

  • Non-compliance can result in warning letters, administrative sanctions, or complications with business licensing renewals

PMA companies are required to submit LKPM every quarter both during the construction/preparation stage and the operational/production stage for as long as the company remains active.

LKPM Submission

If you have not received the reminder from the Indonesian Investment Coordinating Board ("BKPM"), kindly treat this as a reminder to submit it. Indonesian foreign investment companies (perusahaan penanaman modal asing - "PMA companies") are required to report the realisation of their investment activities in Indonesia in the form of online LKPM to BKPM every quarter while they are both in the construction/preparation stage and operational/production stage. 

Although the regulation sets the submission deadline on the 15th day of the following month after the completion of each quarter, BKPM currently continues to apply the quarterly reporting deadlines in practice as follows:

  • 15 April for the 1st Quarter

  • 15 July for the 2nd Quarter

  • 15 October for the 3rd Quarter

  • 15 January for the 4th Quarter

In some cases, BKPM may allow limited extensions. BKPM will also typically send an email reminder to the contact registered under the company’s profile.

Current Practice

In the previous quarters, BKPM has increased the monitoring and supervision of LKPM submission and has sent warning letters to companies which have not submitted LKPM for 2 consecutive periods. Such warnings will typically be resolved/revoked once companies submit the required LKPM for the current period. 

In addition, BKPM also recently requires PMA companies to report a certain investment realisation amount (ie. an investment realisation amount that is above the average amount of capital investment plan compared to the total reporting period until the company is ready for commercial production/operation). Although there are PMA companies that received this feedback from BKPM, there are also other PMA companies with nil or minimal investment realisation that do not receive such feedback. 

This suggests that BKPM is starting to look into the capital investment realisation amount or substance of LKPM submission, as opposed to the mere submission of the same. As the request is fairly new and varies from one case to another as noted above, it remains to be seen whether BKPM will adopt a similar approach in this quarter and the following quarters.  

Kindly check the registered email address of your company to see if you receive this notification/warning letter.

What Companies Should Do Each Quarter

  • Confirm whether the company is currently classified as being in the construction/preparation stage or the operational/production stage

  • Review the company’s registered email address and OSS access credentials

  • Reconcile the LKPM draft against actual investment activity, manpower, project progress, and business stage

  • Check whether any prior LKPM submission remains flagged for correction or follow-up

  • Submit the LKPM by the applicable quarterly deadline

If you require any assistance in reviewing, preparing, or submitting your LKPM, or would like to discuss any issues arising from prior submissions, please do not hesitate to contact us. We would be happy to assist further.

Rony .
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