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Payment Terms Legislation In Sweden
Sweden
Please see below for a summary of payment terms in Sweden and the various industries across which payment term legislation appears. You can also download a summary of all Swedish 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 Interest Rate Law SFS 1975:635 and Act on Contract Terms Between Traders SFS 1984:292 enacts the EU Late Payment Directive (See European Union for details). Additionally Sweden has a stricter maximum term of 30 days unless expressly agreed by both parties and not unfair.
- Construction
- Manufacturing
- Retail_agriculture
CODES
The Association for Efficient Business Transactions promotes a code of conduct for fair payment of smaller companies within 30 days.
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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