Financial & Tax Reporting in Indonesia – PSAK Statements & Annual SPT Filing [2026 Edition] - (Part 4)

Introduction

This is Part 4 in our series on how to set up a foreign owned (PT PMA) company in Indonesia. Now you have an Indonesian Compliant Accounting System Part 3 – Accounting Setup for PT PMA Companies in Indonesia – This section will provides an overview of Indonesian Financial & Tax Reporting  including PSAK accounting standards & your reporting obligations and how to maintain consistent data across BKPM, DJP, and OSS-RBA.

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If you haven't read the other articles in our series, so far we have covered: 
Part 1 – How to Open a Foreign-Owned Company (PT PMA) in Indonesia – 2026 Guide,
Part 2 – Indonesia KBLI Codes & Business Licences Explained – Choose the Right One for Your PT PMA.

 

1. Why Financial Reporting Matters for PT PMAs

For foreign-owned companies (PT PMA), robust financial reporting is more than an accounting exercise — it anchors your tax filings, investment reports, and regulatory standing under OSS-RBA.

Strong reporting enables:

• Accurate, defendable tax liabilities (PPh 21/23/25/26 and PPN).
• Consistent quarterly LKPM reports to BKPM.
• Easier dividend repatriation and external audits.
• Transparent financial data for shareholders and investors.

Since 2025, BKPM, DJP, and BPJS have shared data electronically. Discrepancies between SPT, LKPM, and BPJS submissions can trigger clarification letters or even temporary licence suspension through OSS.

 (refer all series & turn the paragpraph into intro)

2. PSAK Accounting Standards (Indonesia GAAP)

Indonesia’s accounting framework is built on PSAK – Pernyataan Standar Akuntansi Keuangan, the country’s version of Generally Accepted Accounting Principles (GAAP). It is issued by the Indonesian Institute of Accountants (IAI) and harmonised with the International Financial Reporting Standards (IFRS) developed by the International Accounting Standards Board (IASB) in London.

What IFRS Is and Why It Matters

IFRS (International Financial Reporting Standards) is the global accounting rulebook adopted in over 140 jurisdictions —including the EU, UK, Australia, and Singapore. It sets a common language for financial reporting so that companies worldwide can be compared on a consistent basis.

Indonesia’s PSAK follows IFRS principles but adds local rules for tax and licensing. Foreign groups can prepare IFRS-based consolidations while their Indonesian entities maintain PSAK-compliant books for tax, audit, and BKPM (LKPM) purposes.

PSAK Standard	Purpose	IFRS Equivalent	Practical Use for PT PMA
PSAK 1	Presentation of Financial Statements	IAS 1	Defines structure and minimum disclosures
PSAK 25	Accounting Policies & Corrections	IAS 8	Ensures consistency across years
PSAK 46	Accounting for Income Tax	IAS 12	Aligns book profit with tax profit for SPT
PSAK 68	Fair Value Measurement	IFRS 13	Used for revaluing property or investments
SAK EMKM	Simplified standard for SMEs	IFRS for SMEs	Optional if revenue < IDR 50 billion

PSAK vs IFRS – Key Differences

Area	PSAK (Indonesia GAAP)	IFRS (Global Framework)
Currency & Language	Must be in Bahasa Indonesia and Rupiah (IDR); English + USD allowed only with DGT approval under PMK 18/2021	Any presentation currency chosen by group (USD / EUR / SGD)
Tax Alignment	Directly integrated with Indonesian tax law and fiscal adjustments	Independent from national tax frameworks
Disclosure Requirements	Includes OSS/LKPM-specific and local statutory information	Focuses on investor and capital-market disclosure
Regulatory Authority	IAI and DGT (for tax)	IASB (global standard-setter)

Practical Implications for PT PMA Companies

• Subsidiaries: Maintain IFRS for group consolidation, but prepare PSAK ledgers for local filings.
• Independent entities: Statutory accounts and tax returns must follow PSAK only.
  
  

Audits & LKPM reports: Authorities accept only PSAK figures; IFRS versions are non-compliant for local use.

3. Required Financial Statements for Compliance

A complete PSAK-compliant set comprises five statements: Balance Sheet, Income Statement, Changes in Equity, Cash Flows, and Notes.

Section	Key Contents	Regulatory Use
Assets	Cash, Receivables, Fixed Assets	Audit basis + LKPM “Investment Realisation”
Liabilities	Payables, Tax Provisions, BPJS Accruals	Cross-checked with DJP data
Equity	Paid-up Capital (min IDR 2.5 b), Retained Earnings	Proof of foreign investment threshold
Income & Expenses	Revenue by KBLI, Operating Costs, Tax Expense	Basis for SPT 1771 return
Notes	Policies, related-party transactions, contingent liabilities	Audit disclosure & investor confidence

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4. Annual SPT (Corporate Tax Return) Process for 2026

Filing Deadlines and Required Documents

Obligation	Deadline	Platform	Attachments
Corporate SPT (Form 1771)	30 April 2026	DJP Online / e-Form	Financial statements, tax reconciliation, audit (if any)
Individual SPT (PPh 21)	31 March 2026	DJP Online	Form 1721-A1
RUPS (Shareholders’ Meeting)	≤ 30 June 2026	Company Minutes / Notary	Approves financials & auditor

Corporate income tax rate: 22 %. SMEs under IDR 50 b revenue may use Art. 31E 50 % base reduction.

Steps: close books → compute tax → offset PPh 25 instalments → submit SPT → pay balance → retain BPE for 10 years.

Common SPT Mistakes

Error	Consequence	Fix
Late filing	IDR 1 m fine + interest	Submit before 30 Apr
Unreconciled VAT/PPh	Audit adjustments	Monthly reconciliation
Missing BPJS proofs	OSS non-operational flag	Upload receipts quarterly
IFRS numbers used	DGT rejection	Convert to PSAK figures

5. Aligning LKPM and SPT Data

BKPM and DJP compare your financial data through OSS-RBA. When values don’t match, BKPM issues a Clarification Letter.

Field	Source in SPT	Source in LKPM	Typical Mismatch
Revenue	Form 1771 Gross Sales	Section C Production & Sales	Foreign currency conversion errors
Capital Investment	Fixed Asset Additions	Section A Capital Realisation	Foreign payments unrecorded
Headcount & Wages	Payroll Expense	Section D Employment	BPJS not updated
Profit/Loss	Net Income	Section E Results	Exchange-rate variance

LKPM Submission Windows (2026): Q1 1–10 Apr • Q2 1–10 Jul • Q3 1–10 Oct • Q4 1–10 Jan (2027).

6. Year-End Timeline and Checklist

Frequency	Obligation	Deadline/Window	Platform
Monthly	PPh 21/23/25/26, PPN, BPJS, PBJT/PHR	10–20 of following month	e-Bupot / e-Faktur / BPJS
Quarterly	LKPM Investment Report	1–10 Apr • 1–10 Jul • 1–10 Oct • 1–10 Jan (2027)	OSS-RBA
Annual	Individual SPT	31 Mar	—
	Corporate SPT	30 Apr	DJP Online
	RUPS & Audit	≤ 30 Jun	Notary / Auditor

Checklist

• Close FY 2025 books by 31 Jan 2026.
• Reconcile tax and book profit (PSAK 46).
• Verify BPJS and LKPM data alignment.
• Hold RUPS by 30 Jun.
• File SPT by 30 Apr and archive BPE.

7. Book a Consultation on PSAK & SPT Compliance

Preparing for SPT season is easier when your books, tax, and investment reports share one foundation.

SatuSolusi Consultancy helps foreign businesses in Indonesia build audit-ready PSAK systems and manage SPT filings end-to-end.

Our Services

• PSAK-compliant bookkeeping & financial statement preparation
• Tax reconciliation & SPT filing (1771 & 1721)
• Audit coordination and RUPS documentation
• LKPM alignment & BKPM liaison
• USD bookkeeping approval (PMK 18/2021)
  
  

Conclusion

Preparing PSAK-compliant financial statements and a complete SPT 1771 is essential to maintaining a clean corporate profile with BKPM, DJP, and OSS-RBA. When your books, tax calculations, and LKPM submissions are aligned, your PT PMA can operate smoothly without unnecessary audits, clarifications, or compliance flags.

To understand how these reports are built, revisit Part 1 – How to Open a Foreign-Owned Company (PT PMA) in Indonesia – 2026 Guide, Part 2 – Indonesia KBLI Codes & Business Licences Explained – Choose the Right One for Your PT PMA, and Part 3 – Accounting Setup for PT PMA Companies in Indonesia – How to Meet GAAP & LKPM Standards.

In Part 5 – Indonesia HR Compliance Guide – Employment Contracts, Payroll & BPJS [2026 Edition], we shift from financial reporting to workforce compliance — covering employment contracts, payroll tax, and mandatory BPJS registration.

Need support preparing your PSAK financials or filing your 2026 SPT?

Book a 30-minute consultation with SatuSolusi today to ensure your reports stay accurate, aligned, and compliant