Thailand’s government deputy spokesperson Lalida Persiwatthana announced that new trade credit payment rules, spearheaded by Deputy Prime Minister and Minister of Commerce Suphajee Suthumpun, will officially take effect on November 2, 2026. The notification was published in the Royal Gazette on October 2, aiming to improve cash flow for small and medium-sized enterprises (SMEs) and promote fair trade practices.

 

 

The new rules establish maximum payment terms by product category. Payment for agricultural products and primary processed goods must be made within 30 days, while eligible transactions involving general trade, manufacturing, and services are subject to a maximum payment period of 45 days. The rules also prohibit payment delays without legitimate justification. As a general principle, any amendments to contractual terms must be communicated to business partners at least 60 days in advance.

 

According to estimates by the Federation of Thai SMEs, shortening payment terms could significantly free up working capital for smaller businesses. Reducing payment periods from 60 days to 45 days is expected to release approximately 250 billion baht in liquidity, while cutting them from 90 days to 45 days could unlock as much as 750 billion baht. These figures represent working capital freed up through faster payments, rather than direct government funding. The policy covers more than three million SMEs nationwide and is intended to reduce their reliance on borrowing.

 

In addition, following a consultation meeting on October 21, the Ministry of Commerce launched a review of service fees and commissions charged by digital platforms. The government said it would continue working to reduce business operating costs and foster a fairer competitive environment, supporting the stable and sustainable development of SMEs.