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Payment Terms Legislation In Italy
Italy
Please see below for a summary of payment terms in Italy and the various industries across which payment term legislation appears. You can also download a summary of all Italian 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
Legislative Decree 9 November 2012, n. 192, enacts the EU Late Payment Directive (see European Union for details).
- Construction
- Manufacturing
- Retail_agriculture
Article 62 of Law Decree 1/2012 sets maximum payment terms for agricultural and food products of 30 days from delivery for perishable goods and 60 days from delivery for non-perishable goods.
- Retail_agriculture
CODES
The Italian Responsible Payments Code promoted respect for agreed payment times with suppliers and more generally to spread a culture of timely payment. It ceased to function as of 15 September 2019.
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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