Payment Terms Legislation In Israel

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Israel

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

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

The Law on the Delivery of Payments to Suppliers, 5777-2017, sets maximum payment terms for suppliers of government institutions at 30 days from the end of the month or 45 days from the invoice. Exceptional terms apply for local authorities and the maximum terms for construction contracts are 85 day from invoice.

Government
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