Late payment penalties: interest rates are increasing!

Tools, tutorials, methods and services

To know how to get paid by your clients

Mandatory information on invoices

The legal interest rate between professionals has gone up a notch. 2.06% on January 1, 2023, mechanically increasing the minimum rate of late payment penalties to 6.18% (three times the legal interest rate).

This increase is in line with the main key rate of the European Central Bank (ECB) which is now at 2%. The recommended late payment penalty rate is therefore 12% (ECB rate + 10 points).

Find our tutorial on late payment penalties.

Date: 01-05-2023 - Author: Bertrand Mazuir

Comments

Comment this page

Comments are subject of editor's review before publication

Your name

Your email (not published)

Your comment

Do not enter sensitive data

What is the result of 4 5 ?

I want to receive replies by email

Articles on the same topic

Set up the payment term Payment terms have a direct effect on your business cash flow and on the risk to get unpaid invoices and bad debts. The longer the payment term, the greater the working capital...

Down payment and payment in advance Get the payment of an order before doing the delivery or the service requested is the easiest way to avoid any risk of default payment. In addition, the effect on your cash flow is...

Delegation of payment This kind of contract can limit or even cancel the risk of bad debts in case your client is not creditworthy, but his own client is fully reliable. You are paid directly by the client of...