ES / EN
- July 2, 2022 -
No Result
View All Result
OnCubaNews Needs You
OnCubaNews
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors
OnCubaNews
ES / EN
ADVERTISEMENT
Home Cuba

Cuba approves sale on credit of products whose prices exceed 2,500 pesos

Published this Tuesday in the extraordinary Gaceta Oficial No. 66, the resolution establishes that Cuban citizens with permanent domicile in the country, who reside in the province where the sale is requested, and are over 18 years old, have legal and payment capacity, will have access to this service.

by OnCuba Staff
July 24, 2021
in Cuba, Cuban Economy
0
People carry merchandise purchased in freely convertible currency, in the Carlos III shopping mall, in Havana. Photo: Otmaro Rodríguez.

People carry merchandise purchased in freely convertible currency, in the Carlos III shopping mall, in Havana. Photo: Otmaro Rodríguez.

Cubans will be able to buy on credit goods whose prices exceed 2,500 pesos, such as furniture, mattresses, bicycles and electrical appliances, in accordance with Resolution 98/2021 of the Island’s Ministry of Domestic Trade (MINCIN).

Published this Tuesday in the extraordinary Gaceta Oficial Extraordinaria No. 66, the resolution establishes that Cuban citizens with permanent domicile in the country, who reside in the province where the sale is requested, and are over 18 years old, have legal and payment capacity, will have access to this service, the Agencia Cubana de Noticias (ACN) news agency reported.

Among other requirements to access payment in installments, buyers must have demonstrable, fixed and guaranteed regular income, and have honored or be honoring other debts contracted under this mode of sale, the source indicated.

Likewise, they must present at the retail establishment their identity documents, personal data and the certification of the ability to pay of a guarantor.

Dada la necesidad de aprobar modalidades de pago, que contribuyan al acceso de la población a ofertas de bienes duraderos y otros artículos, fue aprobada la Resolución 98 de 2021 la cual establece las regulaciones para la venta a plazos.@MMarreroCruz https://t.co/NydUH3sav5

— Betsy Díaz Velázquez (@BetsyDazVelzqu2) July 22, 2021

According to the resolution, to carry out this procedure, the client must also show a certification from the workplace with the salary earned, and in the case of self-employed workers, an affidavit of personal income taxes.

Related Posts

Photo: Kaloian.

Remittances: when the dollar returns to the economy

July 1, 2022
Photo: ONAT/Twitter.

Cuba: audits detect millionaire fiscal debt with State Budget

June 30, 2022
Photo: Sierra Maestra.

Cuba boosts project to produce organic coffee with help from Italy

June 29, 2022
2nd International Renewable Energy Fair, at the Pabexpo fairgrounds, in Havana. Photo: Cuban Ministry of Energy and Mines/Twitter.

Renewable energies’ ambitious route in Cuba

June 28, 2022

For their part, pensioners or beneficiaries of social assistance will present a certification of their income endorsed by the Department of Labor or a subsidiary of the National Institute of Social Security.

According to the source, the regulation clarifies that people hired in a state entity can access installment sales through the payroll discount, provided that a prior agreement between the store is made with their workplace.

The establishments that offer products on credit have up to 10 business days to corroborate the documentation presented and inform the client of its result.

In the contract between the store and the person who accesses the service, the purchase amount, surcharge rate, payment method, fees, payment terms, and consequences of non-compliance are determined; as well as the resolution of conflicts, obligations, terms and conditions of both parties, the ACN indicates.

The interest rates to be charged by the establishments will not exceed 2.5% of the price of the product and the initial entry to acquire it will be negotiable, although never less than 20% of the total amount.

The resolution, which was made public along with another that regulates garage sales in Cuba, stipulates that the rest of the amount will be paid within the agreed terms, always within a term of up to one year.

Cuba regula las “ventas de garaje” en medio de su profunda crisis económica

The legal text indicates that the customer will receive the sales voucher and the guarantee certificate when the purchase is made, but the certification of ownership is granted, if applicable, once the full amount has been paid.

In addition, it warns that if the client breaches the terms established in the contract and the renegotiation, the retail establishment is empowered to withdraw the good, without refund of the cash paid.

Author

OnCuba Staff
Tags: Cuban Economy
Previous Post

World personalities call on Biden to end embargo

Next Post

Assuming our contradictions saves us

OnCuba Staff

OnCuba Staff

Next Post
Love is the best law. Photo: Kaloian Santos

Assuming our contradictions saves us

Bottle of the Cuban Soberana Plus COVID-19 vaccine candidate. Photo: @ FinlayInstituto/Twitter.

Effectiveness of Cuban Soberana Plus vaccine candidate being studied in Italy

Rubén Remigio Ferro, president of the Supreme People’s Court (TSP) of Cuba, during a press conference on the judicial processes of participants in the protests of July 11 and 12, 2021 in Cuba. Photo: Attorney General’s Office of Cuba/Twitter.

Cuba: legal authorities deny summary trials of participants in protests

Leave a Reply Cancel reply

The conversation here is moderated according to OnCuba News discussion guidelines. Please read the Comment Policy before joining the discussion.

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Most Read

  • 2nd International Renewable Energy Fair, at the Pabexpo fairgrounds, in Havana. Photo: Cuban Ministry of Energy and Mines/Twitter.

    Renewable energies’ ambitious route in Cuba

    10 shares
    Share 4 Tweet 3
  • Tourism: much more than buildings-hotels

    7 shares
    Share 3 Tweet 2
  • Cuban stars in Miami

    72 shares
    Share 29 Tweet 18
  • Inflation in Cuba: the signal

    50 shares
    Share 20 Tweet 13
  • Cuba: bad decisions and energy crisis

    16 shares
    Share 6 Tweet 4

Most Commented

  • The Enchanted Shrimp of the Cuban Dance

    832 shares
    Share 333 Tweet 208
  • New version of Family Code draft presented in Cuba

    14 shares
    Share 6 Tweet 4
  • Circling the square: guns and gun control in the United States

    4 shares
    Share 2 Tweet 1
  • Families divided between Cuba and Canada due to immigration procedures

    78 shares
    Share 72 Tweet 3
  • Ernest Hemingway from Key West to Havana

    39 shares
    Share 15 Tweet 9
  • About us
  • Work with OnCuba
  • Terms of use
  • Privacy Policy
  • Moderation policy for comments
  • Contact us
  • Advertisement offers

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

No Result
View All Result
  • World
  • Cuba
  • Cuba-USA
  • Opinion
    • Columns
    • Infographic
  • Culture
    • Billboard
  • Sports
  • Styles / Trends
  • Media
  • Special
  • Cuban Flavors

OnCuba and the OnCuba logo are registered® trademarks of Fuego Enterprises, Inc., its subsidiaries or divisions.
OnCuba © by Fuego Enterprises, Inc. All Rights Reserved.

Go to mobile version