Payment Terms Legislation In Slovenia

The Law on the Prevention of Late Payments enacts the EU Late Payment Directive (see European Union for details). In addition companies are unable to claim VAT for unpaid overdue invoices and a centralised reporting database has been set up for protested bills of exchange due to non-payment.

Among other legal provisions, amendments primarily to article 61 of The Agricultural Act of 2008, which were made on 27 July 2021 enact the EU UTP in the supply chain directive in Slovenia (see European Union for details).

The Declaration of Encouragement to Increase Payment Discipline in the Country is a code established by the Slovenian Chamber of Commerce.

Code of Good Business Practices Among Stakeholders in the Agri-Food Chain is promoted by the Chamber of Agricultural and Food Processing Companies.

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

The default late payment penalty interest is the European Central Bank refinancing rate, set semi-annually, plus 8%.