Payment Terms Legislation In Malta

Select to view payments
malta flag icon

Malta

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

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

To access the complete international payment terms data, download the international payment terms whitepaper.

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

Laws

The Commercial Code (Amendment) Order 2014, and previously 2012, enacts the EU Late Payment Directive (see European Union for details).

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
Go to link

L.N. 266 of 2021 of the Supplies and Services Act of Malta enacts the EU UTP directive, setting maximum payment terms for regular and non-regular deliveries. (see European Union for details).

Comm_terms_law Retail_agriculture
Go to link

Interest Rate

The statutory interest rate for late payment in commercial transactions is set by Articles 26A–26E of the Commercial Code (Cap. 13), inserted by L.N. 272 of 2012 (transposing EU Directive 2011/7/EU). The rate is the European Central Bank refinancing rate plus 8 percentage points, recalculated semi-annually.

Go to link
View Payment Terms Disclaimer

Unlock the power of cash

Accelerate your cash flow today.

Get started
Unlock the power of cash