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.
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.
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.