As part of KPMG’s commitment to MAKE The Difference by empowering businesses with knowledge, insight, and clarity, the KPMG Business Talk series returned with an in‑depth discussion on the 2025 Corporate reporting updates, hosted at the KPMG Collaboration Room, Jakarta Mori Tower.
The session brought together professionals and industry leaders to explore the latest developments affecting accounting, tax, and corporate reporting—equipping organizations with timely perspectives on Indonesia’s evolving regulatory landscape.
Designed to support business leaders and reporting professionals, this series helps organizations understand regulatory changes, anticipate upcoming requirements, and navigate the practical implications for corporate reporting. Following the successful completion of the first session, three additional sessions were held throughout November and December 2025. Across all sessions, we were pleased to welcome nearly 400 participants.
As part of our ongoing mission to help organizations stay informed, compliant, and future‑ready, below are the key takeaways from the event.
- PSAK 118 on Presentation and Disclosure in Financial Statements will become effective for annual reporting periods beginning on or after 1 January 2027, with early adoption permitted. This new standard introduces:
- a more structured format for presenting profit or loss,
- mandatory disclosure of management-defined performance measures, and
- clear guidance on the aggregation and disaggregation of financial information.
- On 1 July 2025, Indonesia made a significant advancement in sustainability reporting with the launch of its first national Sustainability Disclosure Standards (SPK) by the Sustainability Standards Board of the Institute of Indonesia Chartered Accountants (DSK IAI). The standards include:
- PSPK 1 – General requirements for sustainability-related financial disclosures
- PSPK 2 – Climate-related disclosures
These standards are aligned with the SPK roadmap (December 2024) and will be mandatory from 1 January 2027, marking a major milestone in Indonesia’s commitment to ESG and climate transparency.
- The introduction of SPK also sets the foundation for third-party assurance of sustainability disclosures, enhancing their credibility and reliability. It encourages companies to:
- strengthen governance and internal controls,
- make sure their ESG data is audit-ready, and
- align sustainability reporting with financial reporting standards, thereby boosting stakeholder confidence.
- Indonesia’s tax regulations continue to evolve, with the government addressing revenue gaps through stricter measures such as:
- Exchange of Information (EOI) initiatives,
- designating e-commerce platforms as tax withholding agents, and
- participation in BEPS Pillar II.
In this increasingly stringent environment, maintaining a high level of tax compliance and enhancing tax planning and strategy are essential to ensure tax efficiency and effectiveness.
