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Czech Republic

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

Please click here to view payment terms for the European Union.
Industries Laws Codes Notes
Construction
Manufacturing
Retail/Agriculture

LAWS

Act no.179/2013 amending Act no. 513/1991 updated the Czechia Commercial Code to enact the commercial elements of the EU Late Payment Directive (see European Union for details). Additionally law no. 235/2004 on Value Added Tax, section 109, allows for the transfer of obligations to pay VAT from the creditor to the debtor in the case of late payment.

  • Construction
  • Manufacturing
  • Retail/Agriculture
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Act no. 395/2009 Coll. on Significant Market Power in Selling of Agricultural and Food Products and its Abuse sets a maximum term of 30 days from invoice delivery for food and agricultural products. Breaches of this law can result in fines up to CZK 10 million, or 10% of net income.

  • Retail/Agriculture
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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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