Payment Terms Legislation In Brazil

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Brazil

Please scroll down for a summary of payment terms in Brazil and the various industries across which payment term legislation appears.

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Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Laws

Article 137 of Law No. 14,133 of 1 April 2021 (the New Public Procurement General Law) allows for termination of contract or supply to public institutions where payment is delayed beyond two months. This law replaced the previous Law 8,666/1993.

Government
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