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Payment Terms Legislation In Belgium
Belgium
Please see below for a summary of payment terms in Belgium and the various industries across which payment term legislation appears. You can also download a summary of all Belgian 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 |
|---|---|---|---|
| Government | |||
| Comm_terms_law | |||
| Construction | |||
| Manufacturing | |||
| Retail_agriculture | |||
| Services |
LAWS
The Law of 2 August 2002 on Combating Late Payment in Commercial Transactions enacts the EU Late Payment Directive (see European Union for details). Additionally amendments set a strict maximum term of 60 days where the creditor is an SME and the debtor is not an SME.
- Government
- Comm_terms_law
- Construction
- Manufacturing
- Retail_agriculture
- Services
The Law of 28 November 2021 implementing Directive (EU) 2019/633 of the European Parliament, enacts the EU UTP directive in Belgium (see European Union for details).
- Comm_terms_law
- Retail_agriculture
CODES
The Supply Chain Initiative in Belgium is connected with the European Supply Chain Initiative aimed at the agriculture and food sector and provides a code of conduct and dispute resolution mechanism.
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