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

While no maximum term is specified, Article 75C of part 5 of the Swiss Code of Obligations requires immediate payment on request where no term is specified in contract.

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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