Payment Terms Legislation In Greece

Select to view payments

Greece

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

Please click here to view payment terms for the European Union.

To access the complete international payment terms data, download the international payment terms whitepaper.

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

Laws

Law No. 4152 on Urgent Measures for the Implementation of Laws 4046/2012 , 4093/2012 and 4127/2013, paragraph G, enacts the EU Late Payment Directive (see European Union for details).

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
Go to link

LAW 4792/2021 enacts the EU UTP in the supply chain directive (See European Union for details).

Comm_terms_law Retail_agriculture
Go to link

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

Interest Rate

The default late payment penalty interest rate for commercial transactions is the European Central Bank refinancing rate plus 8%, set annually.

Go to link
View Payment Terms Disclaimer

Unlock the power of cash

Accelerate your cash flow today.

Get started