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Italy

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

Please click here to view payment terms for the European Union.
Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

LAWS

Legislative Decree 9 November 2012, n. 192, enacts the EU Late Payment Directive (see European Union for details).

  • Government
  • Comm_terms_law
  • Construction
  • Manufacturing
  • Retail_agriculture
  • Services
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Previously article 62 of Law Decree 1/2012 set maximum payment terms for agricultural and food products of 30 days for perishable goods and 60 days for non-perishable goods. Legislative Decree 8 November 2021, n. 198 amended this to fully enact the EU UTP in the supply chain directive, which came into force on 15 December 2021 (see European Union for details).

  • Comm_terms_law
  • 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

INTEREST RATE

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

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