Mandatory payment of rent by electronic means of payment from 1 July 2026

The Tax Department reminds that, on the basis of article 48A of the Assessment and Collection of Taxes Law N.4/1978, as enacted within the framework of the tax reform, as from 1 July 2026 the payment of rents relating to immovable property situated in Cyprus shall be carried out exclusively through:

1) bank transfer, or
2) payment by debit or credit card, or
3) any other recognised electronic means of payment.

The above obligation applies to all natural and legal persons, irrespective of the amount of the rent and the type of use of the immovable property.

Every person entitled to rent relating to immovable property situated in Cyprus may not accept the collection of such rent in any manner other than those specified above.

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