Payment Terms Legislation In Netherlands

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Netherlands

Please scroll down for a summary of payment terms in Netherlands 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

Law of 13 December 2012 amending Book 6 of the Civil Code, specifically article 119a, enacts the EU Late Payment Directive (see European Union for details). Payment terms beyond the maximum of 60 days may be permitted in contract if it can be demonstrated that they are not harmful to the supplier. In early 2021 the Dutch Cabinet shortened the strict maximum payment terms to SMEs from 60 to 30 days.

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
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The law of 23 March 2021 – Agricultural and Food Supply Chain Unfair Trade Practices Act enacts the EU UTP in the supply chain directive in the Netherlands (see European Union for details).

Comm_terms_law Retail_agriculture
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Codes

Betaalme is a not-for-profit initiative that aims to support SME access to reasonably-priced liquidity and promote payment terms to SMEs of 30 days.

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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

Article 119 of Book 6 of the Civil Code states that interest for late payment of commercial transactions is based on the statutory interest rate which was 8% in 2022.

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