In Germany, you can have a requirement to provide payment discount information and the discount period (These are known as Skontobetrag and Skontofrist in Germany). Companies are often required to provide this information on the invoice.

Use the PaymentTerms element to model this information.

If you do provide the Payment Terms, you must include the Settlement Discount Rate as a percentage and the Settlement Period duration.

Elements

Element	Description
`PaymentTerms/Note`	Specify a note.
`PaymentTerms/SettlementDiscountPercent`	The discount as a percentage.
`PaymentTerms/Amount`	The base amount for the discount.
`PaymentTerms/SettlementPeriod/DurationMeasure`	The length of the period for which the discount is valid.
`PaymentTerms/SettlementPeriod/DurationMeasure [@unitCode='D']`	Use this attribute to specify the units of the period. For example use `D` for days.

Example

The following example specifies a discount that is valid for 30 days.


<ubl:Invoice>
    <!-- Code omitted for clarity -->
    <cac:PaymentTerms>
        <cbc:Note>Pay within 10 days and get a discount of 2% of the payable amount</cbc:Note>
        <cbc:SettlementDiscountPercent>2.00</cbc:SettlementDiscountPercent>
        <cbc:Amount currencyID="EUR">1000.00</cbc:Amount>
        <cac:SettlementPeriod>
            <cbc:DurationMeasure unitCode="D">30</cbc:DurationMeasure>
        </cac:SettlementPeriod>
    </cac:PaymentTerms>
    <!-- Code omitted for clarity -->
</ubl:Invoice>