Payment Terms Legislation In Lithuania

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

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Industries Laws Codes Notes Interest Rate


Law on the Prevention of Late Payment in Commercial Transactions enacts the EU Late Payment Directive (see European Union for details). Additionally any terms beyond 60 days which are ‘unfair’ as opposed to ‘grossly unfair’ are not acceptable.

Law of the Republic of Lithuania on the Prohibition of Unfair Commercial Practices in the Agricultural and Food Supply Chain updated the previous Law on Settlement for Agricultural Products, enacting the EU UTP in the supply chain directive in Lithuania (see European Union for details).


See European Union for the Directive on Unfair Trading Practices in the Food Supply Chain which was adopted on 30 April 2019.

Interest Rate

The default late payment penalty interest rate is the overnight repo interest rate set by the Bank of Lithuania, plus 8%.

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