Background & Purpose

The European Commission wants a new regulation to fight late payments in business transactions across Europe. The Swedish parliament examined whether this issue should really be decided at the EU level rather than nationally.

Proposals & Debate

The EU proposal includes strict rules such as a mandatory 30-day payment limit and a fixed late payment interest rate, which would limit business freedom. While supporting faster payments, the Swedish parliament found these specific rules to be overly intrusive.

The Decision

The Swedish parliament decided to send a formal statement of concern to EU leaders.

Does this affect you?

  • Swedish businesses: Affected by potential EU-wide rules that would limit their freedom to negotiate payment terms.
  • Public authorities: Must navigate future regulations regarding transaction timelines and payment practices.

In Practice

  • Sweden sends an official reasoned opinion to the European Commission, European Parliament, and Council of Ministers.
  • The Swedish parliament highlights that fixed 30-day payment limits restrict freedom of contract for companies.
  • The parliament objects to a standardized EU interest rate for delayed payments.