Payment Terms Legislation In Italy

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Italy

Please scroll down for a summary of payment terms in Italy and the various industries across which payment term legislation appears.

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Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Laws

Legislative Decree 9 November 2012, n. 192, enacts the EU Late Payment Directive (see European Union for details).

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
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Previously article 62 of Law Decree 1/2012 set maximum payment terms for agricultural and food products of 30 days for perishable goods and 60 days for non-perishable goods. Legislative Decree 8 November 2021, n. 198 amended this to fully enact the EU UTP in the supply chain directive, which came into force on 15 December 2021 (see European Union for details).

Comm_terms_law Retail_agriculture
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Notes

See European Union for the Directive on Unfair Trading Practices in the Food Supply Chain which was adopted on 30 April 2019.

Retail_agriculture

Interest Rate

The default late payment penalty interest is the European Central Bank refinancing rate, set semi-annually, plus 8%.

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