Cyprus mandates electronic payments for all property rentals starting July 2026

The Cyprus Tax Department has announced that starting July 1, 2026, all rental payments for properties within Cyprus must be made exclusively through electronic means. This regulation is based on Article 48A of the Assessment and Collection of Taxes Law (N.4/1978), established as part of broader tax reforms. Acceptable payment methods include bank transfers, debit or credit cards, and other recognized electronic systems. The mandate applies to all natural and legal persons, regardless of the rental amount or the specific use of the property. Property owners are prohibited from accepting rental payments via non-electronic methods after the specified date. The measure is designed to increase transparency in real estate transactions across the country.