Payment Terms Legislation In Guatemala

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Guatemala

Please scroll down for a summary of payment terms in Guatemala 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

Article 62 of the Guatemala State Contracting Law sets out the percentage of advances and prepayments for construction, goods and services for public entities and sets a maximum payment term of 30 days for these. Article 56 sets a maximum of 90 days for final payment after works are complete.

Government
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