GARMIN (EUROPE) LIMITED

Standard payment terms

Garmin (Europe) Limited's standard payment terms state that for third party invoices for goods and services payment will be made in 30 days from the end of the month of receipt of a correct, undisputed and properly due invoice. The standard payment terms in respect of key intercompany supplier is 150 days from receipt of a correct, undisputed and properly due invoice.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

During 2025 H2, if related party transactions are removed our average number of days taken to pay reduces from 95 to 26.

Maximum contractual payment period agreed

150

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

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Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

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Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available