Payment Terms Legislation In Bosnia and Herzegovina

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Bosnia and Herzegovina

Please scroll down for a summary of payment terms in Bosnia and Herzegovina 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

As of April 2018 the Law regulating the settlement of financial obligations in Bosnia and Herzegovina sets a default supplier payment term of 30 days and a maximum term of 60 days. The maximum term may be extended where the debtor provides an unconditional bank guarantee or bill of exchange.

Government Comm_terms_law Construction
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Interest Rate

The default interest rate for late payment of invoices in Bosnia and Herzegovina was set to 10% by law in 2020.

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