Please see below for a summary of payment terms in Austria and the various industries across which payment term legislation appears. You can also download a summary of all Austrian payment terms by clicking the button below.
Please click here to view payment terms for the European Union.
Through the Payment Default Act, sections 904, 907a and 1334 of the General Civil Code in Austria enact the EU Late Payment Directive (see European Union for details).
The law states that ‘grossly disadvantageous’ terms are prohibited and ‘a payment period of up to 60 days is by no means grossly disadvantageous’. Additionally where no term is specified in the contract the payment has to be made ‘without any undue delay’.