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Hungary

Please see below for a summary of payment terms in Hungary and the various industries across which payment term legislation appears. You can also download a summary of all Hungarian 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

The Hungarian Civil Code enacts the EU Late Payment Directive, specifically Section 6:130 (see European Union for details). In addition this code strictly limits commercial terms at 60 days.

  • Construction
  • Manufacturing
  • Retail/Agriculture
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Law XCV of 2009 on the prohibition of unfair distribution practices by suppliers in relation to agricultural and food products sets a maximum payment term of 30 days from the actual delivery of the food or 15 days from receipt of the invoice.

  • Retail/Agriculture
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CODES

The Code of Ethics for Construction Entrepreneurs applies to construction entrepreneurs registered with the Hungarian Chamber of Commerce and Industry (MKIK) and prohibits the misuse of a dominant position by a primary contractor as well as unfair or unilateral payment terms.

  • Construction
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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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