Payment Terms Legislation In Malta

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Malta

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

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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
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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
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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 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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