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Payment Terms Legislation In Chile

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Chile

Please see below for a summary of payment terms in Chile and the various industries across which payment term legislation appears. You can also download a summary of all Chilean payment terms by clicking the button below.

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Industries Laws Codes Notes
Construction
Manufacturing
Retail/Agriculture

LAWS

The 30 Day Payment Law in Chile, which came into force from April 2020 for the private sector, sets a maximum term for all public and private contracts at 30 days unless both parties agree otherwise in writing.

  • Construction
  • Manufacturing
  • Retail/Agriculture
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The information contained on this site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, the information on this site is provided with the understanding that the authors and publishers are not engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers.

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