Payment Terms Legislation In Luxembourg

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Luxembourg

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

Please click here to view payment terms for the European Union.

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Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Laws

Law of 29 March 2013 on the fight against late payment in commercial transactions enacts the EU Late Payment Directive (see European Union for details).

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
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The law of 1 June 2021 on relations between companies within the agricultural and food supply chain enacts the EU UTP in the supply chain directive (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 rate for commercial transactions is the European Central Bank refinancing rate plus 8%, set semi-annually.

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