Payment Terms Calculator

EU Directive 2011/7/EU · Global standards · 35+ commercial payment terms

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Legal Framework Reference

Jurisdiction	Regulation	Max B2B Term	Late Interest	Key Notes
EU	Dir. 2011/7/EU	30d default · 60d max	ECB + 8%	B2G: 30d max. Min €40 recovery fee per invoice.
France	LME / L441-10	60d from invoice or 45d EOM	ECB + 10 pts	Mandatory penalty clause. Automotive: specific rules.
Germany	§ 271a BGB	30d default · 60d contractual	Base rate + 9%	Public sector strictly 30 days.
Italy	D.Lgs. 231/2002	30d · 60d if justified	ECB + 8%	60d strictly enforced in agri-food sector.
Spain	Ley 3/2004 / Ley 15/2010	60d max	ECB + 8%	Public sector: 30 days.
UK	Late Payment Act 1998	30d default · 60d agreed	BoE + 8%	Compensation: £40–£100 per invoice.
Netherlands	BW art. 6:119a	30d default · 60d agreed	ECB + 8%	B2G: 30d strictly enforced.
Belgium	Loi 2 août 2002	30d default · 60d max	ECB + 8%	€40 flat fee + court costs.
Sweden	Räntelagen (1975:635)	30d default	Riksbank + 8%	High compliance jurisdiction.
USA	UCC / State Law	No federal cap	Varies (~1.5%/mo)	Net 30 market standard. 2/10 Net 30 widely used.
Canada	Provincial legislation	No national cap	~5%/year	Prompt Payment Act in Ontario, Alberta.
Japan	Subcontracting Act	60d max (manufacturing)	14.6%/year	JFTC enforces strictly. Bills of exchange common.
China	Civil Code 2021	No hard cap · 60–90d typical	LPR + margin	B2G: 30 days. SCF widely used.
Singapore	Late Payment Act 2024	30d (construction)	5.33%/year	Security of Payment Act for construction.
Australia	PPSR / state law	No cap · 30d standard	Penalty clauses	Voluntary prompt payment code: 30 days.
UAE / GCC	Commercial Transactions Law	No hard cap · 30–90d typical	9%/year max	Islamic finance principles in some contracts.