The Regulation on the Amendment of the Regulation on Principles and Rules to be Applied in Retail Trade entered into force after being published in the Official Gazette.
Accordingly, the installment sales made by retail businesses for consumers were rearranged.
The installment period was reduced from 3 months to 500 months for the sales of electronic goods such as video, camera and sound system and the sales of televisions with a price of over 6 lira. The period for tablet PC sales will continue as 4 months.
The limit on the number of installments, which was 18 before, will not exceed 12 in the sales of electrical goods such as refrigerators, washing machines, dishwashers and electrical appliances.
The number of installments will continue to be applied as 18 for domestic expenditures related to airlines, travel agencies and accommodation.
Previously, the installment period could not exceed 8 months in the sales of printed and non-bullion jewelery by retail businesses, this period has been reduced to 6 months.