Payment Terms Legislation In Switzerland

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Switzerland

Please scroll down for a summary of payment terms in Switzerland 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

Notes

Switzerland has no statutory maximum payment term for commercial transactions. Article 75 of the Swiss Code of Obligations (OR) provides that where no time of performance is stated in the contract or evident from the nature of the legal relationship, the obligation may be performed and called in immediately. This is a default rule, not a mandatory cap — parties are free to agree any payment term. Switzerland is not an EU member and the EU Late Payment Directive does not apply.

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Interest Rate

Interest on late payments in commercial transactions is set at a minimum of 5%. Higher rates linked to government benchmark rates may be agreed in contract.

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