The percentage of Czech respondents reporting late payment remained largely stable. However, at 89.8% this is one of the highest percentages in the region.
Despite a minor decrease in the proportion of overdue B2B invoices, 38.7% of Czech respondents reported that their companies have been negatively affected by past due invoices. Consequently, they needed to postpone or even default on payments to their own suppliers. The proportion of uncollectable B2B receivables is stable and write-offs occurred most often due to the customer’s bankruptcy and the inability to locate the customer.
Read the full report here: Czech Republic: frequent late payments in 2018