Payment Terms Legislation In North Macedonia

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North Macedonia

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

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

Law on Financial Discipline (OG 187/2013, amended through 122/2021). Hard cap of 60 days for all B2B and public payments — cannot be exceeded by contract. Public Revenue Office actively monitors compliance; companies must report payment data. Fines EUR 3,000–6,000.

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
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Interest Rate

Statutory penalty interest is set by Article 266-a of the Law on Obligational Relations (not the Financial Discipline law itself): NBRM reference rate + 8 percentage points for Denar obligations; ECB reference rate + 8 percentage points for Euro obligations. Accrues automatically from the day after the due date.

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