Belgium: Credit Control and Cashflow

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Limited Payment Terms In B2B Relationships
New Belgian legislation introduces stricter payment terms for business-to-business transactions, capping payment periods at 60 days and eliminating contractual flexibility around invoice receipt dates. The Act of 14 August 2021 strengthens protections for creditors by imposing automatic penalties on late-paying debtors, including a 10.5% interest rate and fixed recovery costs, fundamentally reshaping commercial payment practices.
Belgium Commercial
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