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Payment Terms Legislation In Cyprus
Cyprus
Please see below for a summary of payment terms in Cyprus and the various industries across which payment term legislation appears. You can also download a summary of all Cypriot payment terms by clicking the button below.
Please click here to view payment terms for the European Union.
Please click here to view payment terms for the European Union.
| Industries | Laws | Codes | Notes | Interest Rate |
|---|---|---|---|---|
| Government | ||||
| Comm_terms_law | ||||
| Construction | ||||
| Manufacturing | ||||
| Retail_agriculture | ||||
| Services |
LAWS
The Law on Combating Late Payments in Commercial Transactions of 2012 enacts the EU Late Payment Directive (see European Union for details).
- Construction
- Manufacturing
- Retail_agriculture
NOTES
See European Union for the Directive on Unfair Trading Practices in the Food Supply Chain which was adopted on 30 April 2019.
- Retail_agriculture
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