- The Ministry of Investment/Investment Coordinating Board (Badan Koordinasi Penanaman Modal – "BKPM") has revised the mechanism for the submission of Investment Activity Reports (Laporan Kegiatan Penanaman Modal – "LKPM"), which should now utilize the Online Single Submission - Risk-Based Approach ("OSS-RBA") system instead of the previous web address of: lkpmonline.bkpm.go.id.
- Ms. Esti Sadariati, a BKPK representative, has affirmed that business owners can already utilize this new mechanism in order to submit their second-trimester LKPM reports during the 1 - 10 July 2022 period. Furthermore, Ms. Sadariati has also stated that the new reporting system will feature a section on investment problems, whereby business owners will be able to submit reports on any investment-related problems that they experience (e.g. licensing processes, land disputes, etc.)
- Pursuant to Regulation of the BKPM No. 5 of 2021 on Guidelines and Procedures for the Supervision of Risk-Based Business Licensing, LKPM must be submitted by the following parties: 1) Small-scale business actors with investment plans of between Rp. 1 billion and Rp. 5 billion, who are required to submit LKPM every semester; and 2) Medium-scale business actors with investment plans of between Rp. 5 billion and Rp. 10 billion, as well large-scale business actors with investment plans of over Rp. 10 billion, who are required to submit LKPM for every quarter four times a year. (ANT)
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