Indonesia introduces KBLI 2025: Key changes to business classification framework

The Government of Indonesia has recently issued a new regulation under Central Statistic Agency (Badan Pusat Statistik,“BPS”)) Regulation No. 7 of 2025 on the Indonesian Standard Industrial Classification (“BPS Reg. 7/2025”). This regulation replaces the previous BPS Regulation No. 2 of 2020 on the Indonesian Standard Industrial Classification, introducing a refreshed classification system known as Indonesian Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha Indonesia, “KBLI”)…
By: Hogan Lovells