Invoice Payment Deadlines in Slovakia

In business relations in Slovakia, the parties are generally free to agree on payment deadlines. However, there are statutory limits that must be taken into account.

Standard payment deadline. According to the Commercial Code, an invoice must be paid no later than 60 days from the date of receipt of the invoice or the payment request, or from the moment the creditor fulfills their obligation — whichever occurs later.

The payment period may exceed 60 days if it is agreed by both parties, provided that such an extension does not disrupt the balance of interests and is not considered “excessive” to the detriment of the creditor’s rights. An excessive deadline may be deemed unacceptable, for example, if a long deferment has no logical justification. Therefore, it is always important to maintain a fair balance of interests in order to protect your rights and respect those of your business partner.

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