Payment transactions

Minister tackles long payment terms

SY welcomes the raising of an issue that matters to business owners.

Suomen Yrittäjät: Regulator for long payment terms must be set up without delay

Suomen Yrittäjät calls for the immediate establishment of a supervisory authority to monitor compliance with the Payment Terms Act.

Illegal payment terms becoming more common

Nearly one third of SMEs say their contract partners have extended payment terms.

Budget proposal: Sole traders’ income as part of positive credit register and action on excessive payment terms

In its small business package, the Government is promising improvements to business-to-business (B2B) payment terms and micro-enterprises’ access to finance.

Market Court rules against payment term of over 30 days in roadwork subcontracting

“Treating small machinery contracting companies as banks by extending payment terms is a breach of the Payment Term Act,” says…

Over 60% of business owners waiting longer than statutory period for invoices to be paid

Industry and construction businesses particularly suffer from their business partners’ long payment terms. “The way it’s done in Finland is…