Payment Terms Legislation In Turkey

Select to view payments

Turkey

Please scroll down for a summary of payment terms in Turkey and the various industries across which payment term legislation appears.

To access the complete international payment terms data, download the international payment terms whitepaper.

Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Laws

Article 1530 of Turkish Commercial Code 6102, Results of Late Payments in Processes Prohibited by Commercial Provisions and Supply of Goods and Services, sets a 30 day default term for private commercial trade where no term is specified in contract. The maximum commercial contract term is 60 days unless otherwise agreed and not a severe injustice. For payments to SMEs, agriculture or animal producers the maximum term is strictly 60 days.

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
Go to link

Article 7 of the Law on the Regulation of Retail trade sets a maximum payment term of 30 days for good which can spoil within 30 days.

Comm_terms_law Retail_agriculture
Go to link
View Payment Terms Disclaimer

Unlock the power of cash

Accelerate your cash flow today.

Get started