Thailand's New Credit Term Rules for SMEs Take Effect on November 2
Naewna
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Key summary
The Office of Competition in Commerce (OCC) announced new credit term regulations effective November 2, 2026, to address long payment delays affecting Thai SMEs. The rules cap payment terms at 30 days for initial agricultural products and up to 45 days for general trade, production, and services. Violations include unjustified delays or contract changes without at least 60 days' notice. The Ministry of Commerce also discussed reducing platform costs on October 21, 2026.
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Official source
Naewna
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