Spain Sets Up Observatory On Late Payment For The Private Sector

One of the most important initiatives that will be brought about by the creation of the State Observatory on Late Payment (Observatorio Estatal de la Morosidad Privada) is the preparation and publication of a list of companies that fail to meet payment deadlines.

The drawing up and publication of this list will not take place, however, until an electronic invoicing system has been implemented in the private sector.

On 1 May 2024, the Royal Decree 439/2024 of 30 April was published in the Spanish Official State Gazette that introduced significant developments in the fight against late payment in commercial transactions between private companies.

Promoting a fair payment culture