Payment Terms Legislation In Italy
Italy
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
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
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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