Payment Terms Legislation In Colombia

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Colombia

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

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

Laws

The Payment in Fair Terms in the Commercial Field Law 2024 of July 2020 sets a maximum payment term of 45 days for all commercial contracts.

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services

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