Payment Terms Legislation In Malta

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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


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

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).


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 statutory interest rate for commercial transactions is specified in article 120 of Book 6 of the Civil Code. The rate is the European Central Bank refinancing rate plus 8%, and is set semi-annually and published on the government website.

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