Payment Terms Legislation In Taiwan

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Taiwan

Please scroll down for a summary of payment terms in Taiwan 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
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Construction
Manufacturing
Retail_agriculture
Services

Laws

Government Procurement Act Article 73-1: combined maximum of 30 working days for public contract payments (15 days review + 15 days payment). Failure to pay within the prescribed period entitles the contractor to statutory interest.

Government
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Interest Rate

Civil Code Article 203 sets the default statutory interest rate at 5% p.a. where no rate is agreed. Article 205 caps contractual interest at 20% p.a. These provisions apply to all civil and commercial obligations (Taiwan has no separate commercial code for interest).

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