Payment Terms Legislation In Belarus
Please see below for a summary of payment terms in Belarus and the various industries across which payment term legislation appears. You can also download a summary of all Belarusian payment terms by clicking the button below.
The Law on State Regulation of Trade and Public Catering in the Republic of Belarus sets maximum payment terms to suppliers of food products based on shelf life. Where shelf life is less than 10 days the maximum payment term is 10 days. Where shelf life is between 10 and 30 days the maximum payment period is 30 days, and where self life is longer than 30 days the maximum payment period is 45 days.
Resolution of the Council of Ministers No. 1014 of July 31, 2003 requires payment for meat, dairy and bakery products to be between 15 and 30 days depending on the type of product.
Ready to liberate your cash?
Discover the source of value in your supply chainContact our sales team