Mandatory Electronic Payment of Rent in Cyprus from 1 July 2026

As from 1 July 2026, all rent payments in respect of immovable property situated in Cyprus must be made through traceable electronic payment methods.

The newly introduced Article 48A of the Assessment and Collection of Taxes Law (N.4/1978) provides that rent payments for Cyprus immovable property must be settled exclusively through recognised non-cash payment channels, including:

• – bank transfer;
• – debit or credit card; or
• – any other approved electronic payment method.

As a result, landlords will no longer be permitted to accept rent payments in cash. Tenants and landlords should therefore ensure that their payment arrangements are updated accordingly and that rent payments are made only through banking or other electronic channels. Existing lease agreements and payment practices should also be reviewed to ensure compliance with the new requirement.

How can George Kaimakliotis & Co Ltd be of assistance?

The tax team at George Kaimakliotis & Co remains at your disposal should you require any clarification or assistance in relation to the above.

Send us an email directly at info@kaimakliotis.com.cy and we will be glad to assist.