Cyprus mandates electronic payments for all property rents

Effective July 1, 2026, the Cyprus Tax Department has mandated that all rental payments for immovable property within the country must be conducted exclusively through electronic means. This regulation is established under Article 48A of the Assessment and Collection of Taxes Law (N.4/1978) as part of a broader national tax reform. The requirement applies to all individuals and legal entities, regardless of the rental amount or the property's intended use. Consequently, cash payments for rent are strictly prohibited. Landlords are legally required to accept only electronic payment methods and are barred from requesting or receiving rent through any alternative form. The measure is designed to improve transparency, enhance tax compliance, and modernize payment systems within the property sector.