The Government of Indonesia has enacted Government Regulation (PP) No. 43 of 2025 on Financial Reporting, marking a major milestone in modernizing Indonesia’s reporting ecosystem and strengthening transparency, compliance, and cross-sector data integration. The regulation activates the mandate of Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (UU P2SK).
This regulatory update seeks to harmonize reporting standards across industries, ensuring accuracy and consistency in financial reporting at the national level.
INTEGRATED REPORTING FRAMEWORK ACROSS SECTORS
PP No. 43/2025 regulates the mechanism for the preparation, submission, and use of financial reports for:
- Financial services institutions
- Entities with business links to the financial sector
With this approach, financial reporting is no longer separated by sector, but instead, it becomes part of a connected national reporting system.
CENTRALIZED REPORTING THROUGH PBPK
A key feature of this regulation is the implementation of the Shared Financial Reporting Platform (Platform Bersama Pelaporan Keuangan / PBPK) as a single, centralized reporting gateway.
The PBPK platform offers several benefits, including:
- Simplifying the submission of financial reports
- Providing a centralized and reliable source of financial information
- Supporting the duties and functions of relevant ministries, agencies, and authorities
- Facilitating economic, financing, and investment decision-making
- Promoting national financial reporting standardization
- Enhancing transparency, accountability, and the integrity of national financial data
PHASED IMPLEMENTATION AND EXPANDED REPORTING SCOPE
To ensure a smooth transition, the regulation adopts a phased implementation approach based on sector readiness and regulatory coordination. Capital market entities are expected to begin mandatory submission through the PBPK system no later than 2027, while other sectors will follow in stages as infrastructure and governance mechanisms mature.
Special considerations are also provided for Micro, Small, and Medium Enterprises (MSMEs), ensuring regulatory compliance without creating excessive administrative or financial burden.
The scope of mandatory reporting under PP 43/2025 includes a broad and expanding segment of the economy. This covers the financial services industry, such as banking, insurance, pension funds, BPJS, fintech, and capital market institutions, as well as business entities with direct or indirect linkages to regulated financial activities.
REPORTS MUST BE PREPARED BY COMPETENT AND AUTHORIZED PROFESSIONALS
PP No. 43/2025 emphasizes that the preparation of financial reports must be carried out by competent and integrity-driven parties, including:
- Certified or licensed professional accountants
- Individuals or entities with the authority granted under applicable standards
These requirements ensure the quality, integrity, and reliability of financial reporting, supporting regulatory compliance, strengthening investor confidence, and enabling data-driven policy formulation.
KEY HIGHLIGHTS OF PP NO. 43/2025
PP 43/2025 introduces a national financial reporting system designed to unify previously fragmented sectoral requirements. Reporting will be conducted through a centralized mechanism via PBPK, enabling more consistent and standardized submissions.
A stronger emphasis is placed on the quality and reliability of financial data to support informed decision-making across public and private domains. Reporting entities must ensure that financial statements are prepared by competent and authorized professionals, in line with applicable reporting and assurance standards.
Another key feature of the regulation is its widened regulatory coverage. The reporting obligations now extend not only to the traditional financial sector but also to entities with financial sector exposure, reflecting a more comprehensive and connected national reporting framework.
IMPLICATIONS FOR BUSINESSES
PP No. 43/2025 introduces operational and compliance implications for organizations across sectors. Businesses may need to:
- Review and update internal financial reporting frameworks
- Prepare system integration with the PBPK platform
- Ensure personnel have adequate financial reporting competencies
- Align reporting frequency, format, and submission mechanisms with regulatory standards
These adjustments may require strategic planning, technology upgrades, and compliance support to ensure smooth implementation and readiness ahead of enforcement.
HOW MOORES ROWLAND INDONESIA CAN SUPPORT
The implementation of PP No. 43/2025 may require organizations to adjust financial reporting processes and strengthen compliance governance.
Moores Rowland Indonesia offers support through:
- Regulatory compliance assessments
- PBPK readiness and system evaluation
- Technical training for finance and reporting teams
- Advisory support throughout the transition and implementation phase
Contact our team to discuss your organization's compliance readiness and tailored support needs.
