Payment Terms Legislation In Serbia
Serbia
Please see below for a summary of payment terms in Serbia and the various industries across which payment term legislation appears. You can also download a summary of all Serbian payment terms by clicking the button below.
| Industries | Laws | Codes | Notes |
|---|---|---|---|
| Construction | |||
| Manufacturing | |||
| Retail/Agriculture |
LAWS
The Law on Deadlines for Settlement of Monetary Obligations in Commercial Transactions sets a maximum supplier terms for public entities at 45 days and private entities at 60 days. There are exceptions and longer terms may be agreed by both parties if covered by a bank guarantee or bill of exchange.
- Construction
- Manufacturing
- Retail/Agriculture
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