Regulations in Italy stipulate that business-to-business
transactions must be paid within 30 days from the invoice date, and
any extension beyond the period gives the creditor the right to
claim interest without a dunning letter, as per the rate agreed
upon on the agreement contract. If there is no agreement in place,
then the European Central Bank interest rate, which is reviewed in
January and July, increased by at least 8% points, is applied.
Although the rates are authorised by law, proper negotiation should
be engaged in, including signatories from both parties, to avoid
the terms being considered unfair. This particular regulation in
Italy is more constricting than the original European Union Recast
Directive 2011/7/EU, which is now included in Italian domestic law
(Decreto Legislative 9 novembre 2012, n.192).
