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Legal payment term large companies reduced to 30 days

This information is provided by

Netherlands Enterprise Agency, RVO

Effective date: 1 July 2022

Do you have large companies among your customers? The legal payment term for large companies to pay their SME suppliers will be reduced to 30 days. Read more.

What changes?

Do you have large companies among your customers? The legal payment term for such companies to pay their SME suppliers will be reduced to 30 days.

Now large companies may apply a 60-day period as a maximum payment term for their SME clients. The government has to pay within 30 days. This term will also be applicable to large companies.

An enterprise is considered a large company if it meets at least 2 of the following 3 points:

  • the company has a balance sheet total (total assets) of more than €20 million
  • the company has a net turnover of more than €40 million
  • the company has 250 employees or more

This concerns the legal entity with which you do business. In other words, the private limited company (bv), public limited company (nv), or cooperative stated on the invoice.

For whom?

  • SMEs that supply goods or services to large companies
  • large companies doing business with SMEs

When?

This change in Book 6 of the Dutch Civil Code (Burgerlijk Wetboek) will come into force on 1 July 2022.

This article is related to:

This information is provided by

Netherlands Enterprise Agency, RVO
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