Tag #Late Payments

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lemonde.fr

🌐 65% Global Worthiness

Aug 12, 01:17

SFR Fined €860,000 for Late Supplier Payments

French telecommunications company SFR was fined €860,000 by the DGCCRF for late payments on 175 invoices in 2022, highlighting a broader issue of inter-company payment delays impacting French SMEs and prompting government plans to increase penalties to 1% of turnover.

SFR Fined €860,000 for Late Supplier Payments

French telecommunications company SFR was fined €860,000 by the DGCCRF for late payments on 175 invoices in 2022, highlighting a broader issue of inter-company payment delays impacting French SMEs and prompting government plans to increase penalties to 1% of turnover.

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What is the impact of late payments by large companies on French SMEs?

SFR, a French telecommunications operator, was fined €860,000 for late payments to suppliers. The fine stems from an investigation by the DGCCRF, France's consumer protection agency, which found that SFR delayed payment on 175 invoices in 2022. This is despite SFR processing hundreds of thousands of invoices annually.

forbes.com

🌐 85% Global Worthiness

Apr 29, 07:14

Global Supplier Survey Shows Soaring Late Payments, Exacerbating Economic Uncertainty

Taulia's global supplier survey reveals 51% of businesses experience late payments, increasing from 34% in 2020, impacting cash flow, supply chains, and job security; the EU is working on updated regulations but concerns about its effectiveness persist.

Global Supplier Survey Shows Soaring Late Payments, Exacerbating Economic Uncertainty

Taulia's global supplier survey reveals 51% of businesses experience late payments, increasing from 34% in 2020, impacting cash flow, supply chains, and job security; the EU is working on updated regulations but concerns about its effectiveness persist.

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How are businesses and governments responding to the increasing problem of late payments?

Late payments exacerbate existing economic uncertainty, causing cash flow crunches for suppliers, potentially leading to job losses and supply chain disruptions. The EU is attempting to address this with updated late payment regulations, but concerns remain about a uniform approach.

kathimerini.gr

🌐 65% Global Worthiness

Jun 7, 22:11

Greece Imposes Steep Penalties for Late Payments

In Greece, late payments result in significant penalties: electricity bills increase by 10-15%, circulation taxes incur 25-100% surcharges, and late tax installments face a 0.7% monthly penalty. Early tax payments offer discounts, but credit card usage for these discounts risks high interest charges...

Greece Imposes Steep Penalties for Late Payments

In Greece, late payments result in significant penalties: electricity bills increase by 10-15%, circulation taxes incur 25-100% surcharges, and late tax installments face a 0.7% monthly penalty. Early tax payments offer discounts, but credit card usage for these discounts risks high interest charges...

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What are the financial penalties for late payments in Greece, and how significantly do they vary across different sectors?

In Greece, late payments incur significant penalties. Electricity bills with late payments can increase by 10-15%, while late circulation tax payments face 25%, 50%, or even 100% surcharges depending on the delay. Late tax installments also carry a monthly penalty of approximately 0.7%.

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