Payment Terms Legislation In Chile
Chile
Please see below for a summary of payment terms in Chile and the various industries across which payment term legislation appears. You can also download a summary of all Chilean payment terms by clicking the button below.
Industries | Laws | Codes | Notes | Interest Rate |
---|---|---|---|---|
Government | ||||
Comm_terms_law | ||||
Construction | ||||
Manufacturing | ||||
Retail_agriculture | ||||
Services |
LAWS
The 30 Day Payment Law in Chile, which came into force from April 2020 for the private sector, sets a maximum term for all public and private contracts at 30 days unless both parties agree otherwise in writing.
- Construction
- Manufacturing
- Retail_agriculture
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