Payment Terms Legislation In Luxembourg

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Luxembourg

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

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).

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).

Notes

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 for commercial transactions is the European Central Bank refinancing rate plus 8%, set semi-annually.

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