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Payment Terms Legislation In Belgium

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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.

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Industries Laws Codes Notes
Construction
Manufacturing
Retail/Agriculture

LAWS

The Law Amending the Law of 2 August 2002 on the Fight Against Late Payment in Commercial Transactions enacts the EU Late Payment Directive (see European Union for details). Additionally a 2018 amendment sets a strict maximum term of 60 days where the creditor is an SME and the debtor is not an SME.

  • Construction
  • Manufacturing
  • Retail/Agriculture
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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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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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