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 |
|---|---|---|---|
| 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
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.
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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