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Payment Terms Legislation In Denmark
Denmark
Please see below for a summary of payment terms in Denmark and the various industries across which payment term legislation appears. You can also download a summary of all Danish 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
Law 459, The Interest Act 13 May 2014, enacts the EU Late Payment Directive (see European Union for details). Additionally Danish law sets a stricter maximum payment term of 30 days unless expressly agreed by both parties and not ‘unreasonable’ or ‘unfair’. Law 193, The Contracts Act, further limits ‘unreasonable’ or ‘unfair’ practices.
- 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.
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