Please see below for a summary of payment terms in Slovakia and the various industries across which payment term legislation appears. You can also download a summary of all Slovak payment terms by clicking the button below.
Please click here to view payment terms for the European Union.
Act 513/199 amended the Commercial Code, articles 340a and 340b, to enact the EU Late Payment Directive (see European Union for details).
Act no. 91/2019 on Unfair Conditions in the Food Trade and on Amendments to Certain Acts, along with amendments from Act no. 219/2021, enact the EU UTP in the supply chain directive in Slovakia (see European Union for details). In addition payment terms for food products are restricted to 30 days from invoice if the invoice is received within 10 days after delivery. If the invoice is received more than 10 days after delivery the maximum payment term is 20 days. For selected foods – for immediate consumption – the term is 15 days from invoice.