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Portugal

Please see below for a summary of payment terms in Portugal and the various industries across which payment term legislation appears. You can also download a summary of all Portuguese payment terms by clicking the button below.

Please click here to view payment terms for the European Union.
Industries Laws Codes Notes
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

LAWS

Decree-Law 62 of 2013 on measures against delays in the payment of commercial transactions enacts the EU Late Payment Directive (see European Union for details).

  • Government
  • Comm_terms_law
  • Construction
  • Manufacturing
  • Retail_agriculture
  • Services
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Law 118/2010 defines maximum payment terms for the supply of food in portugal. This was amended by Law 76/2021 to enact the EU UTP in the supply chain directive (see European Union for details). In addition non-perishable goods between suppliers of turnover less than €2m and buyers of turnover more than €2m, as well as suppliers of turnover between €2m and €10m to buyers of turnover greater than €10m, are also restricted to 30 days. This excludes catering and drinks companies.

  • Comm_terms_law
  • Retail_agriculture
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CODES

The Code of Good Business Practice for the Agri-Food Supply Chain by The Portuguese Association of Distribution Companies promotes cooperation and transparency.

  • Retail_agriculture
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The Prompt Payment Commitment is a national code where large company leaders commit to pay suppliers on the agreed date and reduce late payments.

NOTES

See European Union for the Directive on Unfair Trading Practices in the Food Supply Chain which was adpoted on 30 April 2019.

  • Retail_agriculture

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