Payment Terms Legislation In Norway

Select to view payments

Norway

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

To access the complete international payment terms data, download the international payment terms whitepaper.

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

Laws

The Late Payment Interest Act sets a maximum commercial term of 60 days and a default term of 30 days where no term is stated in the contract. For public authorities the maximum term for suppliers is 30 days.

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
Go to link
No rows added.

Interest Rate

Interest on late payments in commercial transactions is set at the Norges Bank monetary policy rate plus a minimum of 8%.

Go to link
View Payment Terms Disclaimer

Unlock the power of cash

Accelerate your cash flow today.

Get started