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Average period of payment to suppliers

 

The entry into force of Act 31/2014, of 3 December 2014, modifying Act 15/2010, of 5 July 2010, which in turn modified Act 3/2004, of 29 December 2004, establishing measures to combat late payment in commercial operations, establishes the obligation on commercial companies to publish in the explanatory notes to their annual accounts and on their website, on an express basis, their average supplier payment period.

In connection with this information obligation, at 31 December 2019 the average supplier payment period was 15 days.